"Explosion 🔥🔥, after BTC breaks new highs, on-chain data shows that Bitcoin has realized profits of up to $2 billion, resulting in a 'massive profit realization', which is a very typical bull market sprint signal. The higher the volume, the stronger the momentum, and it is advisable not to be bearish at this time unless signs of 'deterioration' appear.
Taking the second peak phase of 2021 as an example of 'deterioration' signs, Bitcoin's profit realization during the first peak in 2021 reached $2.2 billion, but the second wave was only $1.7 billion. At this time, the price did not significantly decline, but it can be seen as a form of 'deterioration' in momentum. Each massive profit realization is a huge consumption of market demand, and when the market gradually becomes unable to bear it, fatigue will show. #比特币突破11万美元 "