Golden cross trap after $110,000? Bitcoin market outlook and position suggestions | Bee Network
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Original author: Matt Crosby Compiled and edited by: BitpushNews After a period of volatility, Bitcoin has now reclaimed the $100,000 mark and hit a new all-time high, injecting new confidence into the market. But as prices rise, a key question also arises: Are Bitcoins most experienced and successful holders – the long-term holders – starting to sell? This article will analyze what on-chain data reveals about the behavior of long-term holders and whether recent profit-taking is a cause for concern or simply a healthy part of Bitcoin鈥檚 market cycles. Signs of profit taking The Spent Output Profit Rate (SOPR) provides instant insight into realized profits across the network. Focusing on recent weeks, we can clearly observe an upward trend in profit realization. The clustering of green bars suggests that a…# Analysis# bitcoin# ethereum# MarketPre
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- Original author: 𝗰𝘆𝗰𝗹𝗼𝗽 Original translation: Tim, PANews Everyone thought $140,000 was the next target, but things didn’t work out that way. After studying all the historical scenarios and mark...