02:08
Warning signal? Leverage surge, Bitcoin (BTC) long-term holders take profits.
Gate news, Bitcoin continues to maintain its upward momentum after a slight pullback, currently trading at 107,485 USD, up 2.2% over the past week. Although it is still about 4% lower than the historical high of 111,000 USD reached in May, its price movement indicates a strong return of market momentum. In recent weeks, as investor sentiment has swung between bullish optimism and profit-taking behavior, trading activity in the crypto assets market, led by Bitcoin, has become active again. According to the latest on-chain data analyzed by CryptoQuant writer Amr Taha, Bitcoin may be approaching a critical phase that requires more attention from market participants.
BTC-4.06%