Bitcoin's recent surge past its previous all-time high has led to a notable increase in realized profits by investors transferring Bitcoin to Binance. This trend offers critical insights into market sentiment, as Binance handles the highest trading volumes among exchanges. By analyzing realized profits, we can gauge whether investors are aggressively taking profits (above $10M) or doing so steadily, which is essential for confirming the strength of the current trend. Although profit-taking appears to have paused, monitoring these signals remains crucial to anticipating potential shifts in market momentum.
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