Cryptocurrency

Bitcoin sees longest streak of profit taking from investors since November 2021 bull run

meaning

Net Realized Gain/Loss is the net profit or loss of all coins transferred, profit realizedrealized loss.

quick take

  • Net realized gains/losses show that this is Bitcoin’s longest streak of profit-taking since the late 2021 bull market.
  • Investors were profitable for about three weeks in March 2022. However, this streak is about a month long, and investors are taking advantage of the profit opportunity.
  • In the last 14 days, we have realized only about $45 million in profit, significantly less than the above streak.
  • CryptoSlate analyzed that profit-taking occurred last week, mostly from short-term holders.
  • Bitcoin continues to face resistance at $25,000. One reason, he said, is that investors realized their profits.
Net realized gain/loss: (Source: Glassnode)

Post Bitcoin sees longest streak of profit taking from investors since November 2021 bull market first appeared on CryptoSlate.

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