Bitcoin bull cycle enters ‘late phase’ as profit-taking metrics spike
Glassnode warns that Bitcoin profit-taking behavior mirrors past bull market cycle peaks. Should investors expect more all-time highs?
Key takeaways:
Glassnode data flags Bitcoin’s profit-taking metrics as a late bull market cycle signal.
Bitcoin capital inflows have weakened, and large profit-taking has peaked since BTC hit $124,000, but a new all-time high could arrive in two to three months.