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Bitcoin seller exhaustion 'likely' as trader eyes $115K BTC price dip
Bitcoin is in a “healthy yet fragile balance” as BTC price consolidation causes a drop in profits. In its latest “Market Pulse” released Monday, onchain analytics firm Glassnode warned that fresh gains may not come soon. Bitcoin is taking a reasonable pause after its surge to new all-time highs, but market shifts mean that another lengthy consolidation phase may result. Glassnode reveals various signs that investors are now readjusting to range-bound BTC price behavior. “Profitability metrics have started to cool. The percentage of supply in profit and unrealized profit both declined slightly but remain in ... (full story)
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