$BTC Profits Exceed $650B, But Momentum Is Weakening
According to the latest Glassnode report , $BTC realized profits in the current cycle have already exceeded $650B, more than the entire 2020-2022 period ($550B).
However, as the third wave of profit taking ends, activity is declining and capital rotation is waning. This may indicate a slowdown in market momentum.
VIP MARKET UPDATE: $XRP ➖➖➖➖➖➖➖ $XRP is currently trading within a descending triangle pattern and is attempting to hold above the horizontal support level.
A breakdown followed by a retest of the triangle would confirm a bearish move, while a bounce from support and a breakout above the triangle would signal a bullish confirmation. ➖➖➖➖➖➖➖
VIP MARKET UPDATE: $BTC DOMINANCE ➖➖➖➖➖➖➖ $BTC .D is slowly rising after bouncing from the horizontal support on the 2W timeframe, which explains the slow momentum in altcoins.
A clear signal for an altcoin rally would be a breakdown and retest of the trendline support, as $BTC .D typically moves inversely to the altcoin market cap. #SwingTradingStrategy #XSuperApp ➖➖➖➖➖➖➖ wajid
🇸🇻✈️ #BTC El Salvador’s main international airport now lets you swap Bitcoin for $USDT at dedicated kiosks — no app needed, just scan and go. #CryptoStocks #XSuperApp