Bitcoin bull market ‘great validator’ comes as James Wynn loses $100M

Bitcoin is seeing increasing profit-taking, new research confirms, while Hyperliquid’s Wynn joined those liquidated during the latest 10% BTC price retreat.

Key points:

Bitcoin profit-taking is in full swing, but this can end up sustaining the bull market, Santiment research argued.

Coins are spending increasingly less time in wallets, but the market is not suffering from “short-term speculation.”

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