The chart of net realized profit and loss shows that during the price increase phase, investors have strong profit-taking, and there may be one or two more waves.
Each fluctuation is accompanied by short-term adjustments and consolidations. As long as the peak of net realized profits does not exceed previous extreme values or is comparable, the bullish trend remains intact.
Ideally, a healthy correction can cool the market and allow for continued upward movement. $BTC
