Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Glassnode: Bitcoin profit-taking remains “below historical peak” and “further gains” may be imminent

Glassnode: Bitcoin profit-taking remains “below historical peak” and “further gains” may be imminent

CointimeCointime2024/11/13 06:11
By:Cointime

since Bitcoin broke through the high point of $73,679 in March, Bitcoin holders have realized a profit of $20.4 billion. Cryptocurrency analysis company Glassnode pointed out in its market report on November 12th: "Although profit-taking is significant, it is still below historical highs, indicating that there is still room for further growth before potential demand is exhausted."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Will there be a Solana ETF by the end of 2025?

Cboe BZX filed four applications for spot Solana ETFs earlier this week.The approval path for additional spot crypto ETFs should become clearer with a pro-crypto White House administration.

The Block2024/11/23 18:22

Changes at the SEC start well ahead of Inauguration Day

One federal judge’s rulings this week found that the SEC had overstepped its authority and must vacate the Dealer Rule

Blockworks2024/11/23 18:22