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Bitcoin's Narrow Range Amid Active Profit-Taking and Absorption of Sales

Since April 13, the total realized gains in the 0 to 1-month cohort have increased by $66 billion, indicating active profit-taking by recent buyers. Despite this, Bitcoin remains within a narrow trading range as its sales, approximately 720,000 BTC, are being absorbed by new buyers.
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AI Analysis

The recent increase of $66 billion in realized gains within the 0 to 1-month cohort suggests a significant level of short-term profit-taking among investors who have entered the market recently. This ...

AI Recommendation

Given the current market behavior, it is advisable to adopt a wait-and-see approach. While the current absorption of sales indicates support and consumer interest, the active profit-taking signals cau...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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