$BTC 🚨 Bitcoin Faces Wave of Profit-Taking — Is the Market Ready? 📉
As Bitcoin retreats from the $111.8K mark, we’re witnessing a notable spike in selling pressure — primarily driven by intra-cycle seasoned holders locking in substantial profits. 💰
The 7-day SMA of daily realized profits (excluding intra-entity flows) surged to $1.47B/day last week. This intense profit realization indicates that experienced market participants are capitalizing on recent price strength, leading to increased capital rotation. 🔁
Importantly, this is now the fifth instance in this cycle where profit-taking crossed the $1B/day threshold. Historically, such spikes often align with local tops or temporary market slowdowns, especially if fresh demand isn't strong enough to absorb this heavy supply.
What does this mean for traders and investors? 🧠
We're at a critical juncture where the market’s resilience is being tested. If Bitcoin can withstand this elevated selling pressure without a sharp pullback, it signals robust underlying demand and investor confidence. However, a failure to hold key levels could lead to a deeper correction in the short term. ⚠️
📌 Stay alert. Monitor whale behavior and exchange flows closely. The coming days will reveal whether BTC can turn this pressure into a launchpad — or if it’s time for a breather. ✅