According to ChainCatcher, market analyst Ali noted on X that Bitcoin currently shows signs of overheating, with traders’ average realized profit ratio rising to 17%, indicating a significant number of investors are in substantial profit positions and face potential profit-taking pressure. The last time a similar signal appeared was in March 2022, when Bitcoin’s average profit ratio also reached 17% while testing the 200-day moving average resistance, subsequently forming a stage top and entering a downtrend. The historical pattern has now reoccurred.
Related News
Historic Bitcoin Breakdown as Bitcoin Loses A 14-year Support Level
Bitcoin long-term “belief-driven” buyers’ holdings increased to 4 million coins, and 70% of new investors are profitable on paper
Bitcoin Dominance Rebounds to 58%, Signals Market Consolidation Phase