Low realized profits signals conviction in current BTC rally

What's new?

Investors have maintained a relatively muted realized profit amid a surge in the price of Bitcoin.

Why is this relevant?

High realized profits tend to occur during local tops, similar to high realized losses for local bottoms.

What does the data tell us?

On-chain data shows traders are unwilling to take profits at current levels.

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Conclusion
We conclude that market participants are expecting higher prices for bitcoin, as shown by trader’s unwillingness to cut risk at current price levels.

Nothing in this article constitutes professional and/or financial advice. The content is provided exclusively for informational and/or educational purposes. Nothing is to be construed as an offer or a recommendation to buy or sell any type of asset. Seek independent professional advice in regards to financial, tax, legal and other matters.

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