đ„Over the past 7 years, every time the price of #Bitcoin (BTC) has peaked, it has coincided with a surge in realized profits.
Recently, realized profits have increased significantly, from $9.5 billion in March to $10.16 billion in May. When Bitcoin hit $73,000, many people sold, considering it the peak of the bull market.
However, this does not necessarily mean that $73,000 is the highest price Bitcoin can reach in this bull run. The coincidence of price peaks and surges in profits is an interesting trend to note, but should not be taken as a definitive sign of a market top.
