Bitcoin’s Average Realized Profits Drops Drastically, Is The Market Euphoria Cooling Off?

Quick Summary:

Over the last few days, Bitcoin has displayed remarkable price performances and resilience, surpassing its previous all-time high of $108,000, achieved last December.

However, many investors continue to face a setback as BTC’s profitability decreases significantly.

However, the market will begin to cool down at the current levels if the average figure drops below $40 million.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Mags Btcusd BTCUSDT Bitcoin News Btc Axel Adler Bitcoin Realized Average Profit Bitcoin price Bitcoin Btc price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 18:00:24 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 25376657

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 17 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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