BTC Long-Term Holders Realize High Profits: Is This a Market Top Signal?
Following bitcoin hitting its current all-time high (ATH), long-term holders (LTHs) have been collecting profits. This comes as the cryptocurrency consolidates to cool off from the latest rally.
The intensity of profit-taking from LTHs raises speculation that the market may have reached a peak for this cycle. However, Gaah, a pseudonymous analyst at the market intelligence platform CryptoQuant, believes the top is not yet in.
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BTC Long-Term Holders Realize High Profits: Is This a Market Top Signal?
Following bitcoin hitting its current all-time high (ATH), long-term holders (LTHs) have been collecting profits. This comes as the cryptocurrency consolidates to cool off from the latest rally.
The intensity of profit-taking from LTHs raises speculation that the market may have reached a peak for this cycle. However, Gaah, a pseudonymous analyst at the market intelligence platform CryptoQuant, believes the top is not yet in.
Read More