What Do Whale Movements in Bitcoin Indicate? Expected Price May Come Soon!

The latest data shows that crypto whale activities indicate profit-taking behaviors at peak levels. The on-chain analysis platform Glassbode introduced an analysis based on the profitability rates of Bitcoin investors with an important detail. In this analysis shared on Mar 27, it was emphasized that the $73,000 peak level is a zone where long-term investors prefer to take profits, and a warning was given about a possible correction: Following the breakout above ATH, the Bitcoin market has reached a statistically significant level in terms of unrealized profits held within the supply. Historical examples have been interesting points where the market has historically found some resistance and some investors start to take profits and chips off the table to some extent. According to CoinGecko data, Bitcoin, which showed a 5% increase in the last 24 hours, is currently trading at $70,700.

What Do Whale Movements in Bitcoin Indicate? Expected Price May Come Soon!

The latest data shows that crypto whale activities indicate profit-taking behaviors at peak levels.

The on-chain analysis platform Glassbode introduced an analysis based on the profitability rates of Bitcoin investors with an important detail.

In this analysis shared on Mar 27, it was emphasized that the $73,000 peak level is a zone where long-term investors prefer to take profits, and a warning was given about a possible correction:

Following the breakout above ATH, the Bitcoin market has reached a statistically significant level in terms of unrealized profits held within the supply. Historical examples have been interesting points where the market has historically found some resistance and some investors start to take profits and chips off the table to some extent.

According to CoinGecko data, Bitcoin, which showed a 5% increase in the last 24 hours, is currently trading at $70,700.

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