The current dynamics of the pure realized profit of the first cryptocurrency does not imply the formation of a macro -version, but signals the entry into the “caution zone”. They came to such conclusions in Cryptoquant.
Specialists called for monitoring the changes in the metrics:
- Sustainable profitable profit – the risk of correction is increased;
- Reducing profit fixation is the first signal about the transition of the cycle.
According to analysts, in the short term we can expect increased volatility.
Currently, pure realized profit/bitcoin loss (7 DMA) It remains positive since the beginning of 2024, reaching $ 1 billion/day.
According to the observations of experts, even after the restoration of quotations after the fall in March-April of 2025, users “unload” portfolios, fixing the plus, albeit at a smaller pace compared to November 2024.
“This historically corresponds to the behavior of the bull market at a late stage. During this period, the sale of profit prevails, even when the price continues to grow “, – The commentary says.
In the past, such a phase often preceded the local peak or sharp correction, especially when the pace of closing positions in plus remained high and Sustainable.
Since the launch of the spotes ETF in January 2024, the market structure has changed, but the psychology of investors – no, analysts emphasized.
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Source: Cryptocurrency

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