Red alert!

Read this article as soon as possible before the end of 1/8!

Profit-taking pressure has reached the highest level in history; what awaits us in the future?

On July 25, the crypto market recorded a profit-taking event from a super whale holding $BTC since 0.5$. This profit-taking event triggered a significant spike in the Net Realized Profit/Loss index, with a value reaching an all-time high of 3.7B$

This notable event serves as a test allowing MMs to gauge the current liquidity thickness, and indeed, the current liquidity is very deep and thick as it immediately absorbed all the profit-taking sell-off from the ancient super whale.

Historically, such notable events indicate the proactive behavior of optimizing profits from a group or organization ahead of sudden market fluctuations.

However, interpreting this signal requires finesse; while extreme profit-taking often coincides with peak price areas, it does not mean that large profit-taking events will quickly lead to a price decline.

This is a large supply that the market needs time to absorb; current liquidity is still thick enough for large sell-offs to continue to grind down liquidity.

Price reactions will follow immediately when liquidity is low.

If you like this article, don't forget to leave a thumbs up and share your thoughts below.