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Benzinga
Benzinga
Business
Murtuza J Merchant

99% Of Bitcoin Holders Are In Profit: Is BTC Dipping Because Some Are Cashing Out?

Bitcoin Glassnode Crypto
Bitcoin,Whale,,,Whale,In,Ocean,And,Bitcoin,.,Whale

Bitcoin (CRYPTO: BTC) is trading around $117,000 after a brief pullback from its all-time high, with on-chain and technical indicators painting a complex picture of bullish momentum tempered by looming profit-taking pressure.

What Happened: According to blockchain analytics firm Glassnode and technical research firm Fairlead Strategies, recent developments suggest Bitcoin’s uptrend remains intact, but not without warning signs.

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