Bitcoin Under Pressure: Traders Take Profits
Short-term holders have realized $11.4 billion in profits over the last 30 days, peaking at $747 million in a single day.
The profit/loss ratio for short-term holders has reached levels observed in only 8% of trading days in BTC's history.
Pressure factors: profit-taking, reduced leverage in the futures market, and geopolitical tensions due to proposed 50% tariffs by the U.S. on imports from the EU.
Bitfinex warns of a possible correction before the next stage of growth.