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Bitcoin Whales Set Profit-Taking Record In Bull Cycle — What’s Happening?

NewsBTC LogoNewsBTC10h ago

Bitcoin Whales Set Profit-Taking Record In Bull Cycle — What’s Happening? - NewsBTC

Quick Summary:

Related Reading: XRP Macro Charts Signal Explosive Bullish Move Despite SEC Appeal: Analyst This on-chain revelation is based on the Realized Profit Ratio by Balance Cohort metric, which measures the ratio of coins sold at a profit by an investor class relative to the total coins sold at a given time.

Related Reading: Analyst Says Bitcoin Crash Might Not Be Over, Why $60,365 Is Important This indicates that small-scale investors might be returning to the market, which could be positive for the Bitcoin price over the coming months.

On the other hand, a low Realized Profit Ratio often indicates a low level of profit-taking, meaning that investors are not cutting their losses or expecting further price gains.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 16:00:35 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22898742

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://beamstart.com/news/bitcoin-whales-set-profit-taking-17281452258272

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