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