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Bitcoin Profit Taking Begins After Months Of Accumulation, Study Finds

Bitcoin Profit Taking Begins After Months Of Accumulation, Study Finds



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  1. tldr; Long-term holders of bitcoin (LTHs) are now in a moderate phase of sales, according to a report by the analytical firm Glassnode. Sales are well below what was sold in November of last year and in January of this year, in correspondence with notable increases in the price of bitcoin. LTHs have been accumulating BTC and retaining it in the past.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Just remember, chumps who bought near the ATH are funding that “profit taking.” Some of the “profit takers” probably just booked a nice vacation at a luxury resort and meanwhile you are sitting there hoping bitcoin number will go back up so you can do to other people what they did to you.

What do you think?

All the more reason to pull out of the fiat system , not that this group needs more evidence

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