Bitcoin's Bullish Cycle Likely to Persist Amid Moderate Profit-Taking

The NRPL chart indicates that market participants have recently realized gains from Bitcoin sales, but the scale of these profit-taking activities is unlikely to signal the end of the current bullish cycle. Compared to previous peaks during market rallies, the current profit realization is more modest, suggesting the upward trend remains intact. When contrasted with the rapid gains seen in March and November 2024, the current level of profit-taking is considerably lower. This data implies that the transition into a downward cycle is improbable at this stage, maintaining a strong likelihood that Bitcoin's bullish trend continues.