With Bitcoin retreating from $111.8k, the selling pressure mainly comes from experienced intracycle holders, who are realizing substantial gains. The simple moving average (MMS) of the daily profit-taking (excluding intra-entity flows) peaked at $1.47 billion per day last week, highlighting the intense capital rotation. #BTC#
This marks the fifth wave of this cycle in which daily profit-taking exceeded US$ 1 billion — events that often coincide with local peaks or slowdowns, should demand fail to absorb the scale of sales. This tests the resilience of the market against the high selling pressure.
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With Bitcoin retreating from $111.8k, the selling pressure mainly comes from experienced intracycle holders, who are realizing substantial gains. The simple moving average (MMS) of the daily profit-taking (excluding intra-entity flows) peaked at $1.47 billion per day last week, highlighting the intense capital rotation. #BTC#
This marks the fifth wave of this cycle in which daily profit-taking exceeded US$ 1 billion — events that often coincide with local peaks or slowdowns, should demand fail to absorb the scale of sales. This tests the resilience of the market against the high selling pressure.