Bitcoin’s price surge is attracting a shift in capital flow, with long-term holders selling to short-term, FOMO-driven investors. This dynamic reflects a change in market sentiment as BTC approaches the $100,000 mark. Notably, Bitcoin whales’ unrealized profit ratio sits at approximately 1.2, signaling that the market is not yet overheated despite the rally. For comparison, during March’s decline, this ratio peaked at 2. Currently, whales are showing resilience, which suggests room for further bullish momentum. Monitoring this metric remains essential for understanding market sentiment and gauging the likelihood of profit-taking events. https://twitter.com/kyledoops/status/1867570199911915858?t=TuDgN0Y9mFuG0qo0SFS22w&s=19 Additionally, Bitcoin’s Taker Buy/Sell Ratio on Binance highlights
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