After experiencing the smooth surge to a new high yesterday, many friends might be asking: Is Bitcoin nearing its peak?

First, let's look at the data - yesterday's market surge was truly impressive! The realized profits reached 2 billion dollars (it wasn't this high before), and this number is quite shocking; one could say it's a "massive profit realization." This situation is particularly typical in the sprint phase of a bull market. The more profits are realized, the stronger the market energy. In other words, now is not the time to be bearish, unless there are signals of "momentum decay."

Speaking of "decay," we can refer to Bitcoin's second peak in 2021:

At that time, the first wave of profit realization was 2.2 billion dollars, but the second wave dropped to 1.7 billion dollars. Although the price didn't drop significantly, this was already a sign of weakening market momentum.

Every time there is a massive profit realization, it means that market demand has been largely digested. When buying pressure cannot keep up, fatigue will set in. As of now, we haven't seen these signs yet.

⚠️ Friendly reminder: The above content is for learning and communication purposes only and should not be considered as investment advice! ⚠️