Ali Martinez has spotted a consistent pattern in the Bitcoin price behavior.
Bitcoin market tops in the last seven years coincided with the realized profit.
Realized profit monitors the overall behavior and market sentiment of participants.
Crypto analyst Ali Martinez has identified a recurring pattern in Bitcoin’s price action that connects with the Bitcoin market’s realized profit. In an X post, Ali demonstrated how Bitcoin market tops over the past seven years have lined up with realized profit, including events in March and May of this year.
Over the last 7 years, every #Bitcoin market top has coincided with a sharp spike in realized profits. Notably, March saw $BTC realized profits hit $9.50 billion, and in May they surged to $10.16 billion! pic.twitter.com/ppji2pNoTW
— Ali (@ali_charts) September 25, 2024
From 2017 to the present, Martinez found six distinct tops in the Bitcoin price trend. Each top involved a significant rally, ending with sharp price reversals or gradual pullbacks in consolidation. Notably, the cryptocurrency’s realized profit spiked with each rally, culminating in a BTC price top.
Realized profits in the Bitcoin market rep…
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