Glassnode: Profit-taking in the market is cooling down, but it has not yet entered the panic selling zone

BTC-2,59%

BlockBeats News, February 18 — Glassnode posted on social media that the realized profit to market cap ratio (30-day moving average) for BTC has significantly declined, digesting most of the previous profit-taking. However, this indicator still remains above the historical “panic sell zone.” This suggests that profit-taking behavior in the market is cooling down, but it has not yet entered a widespread capitulation sell-off phase.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

BTC drops below 66,000 USDT

Gate News bot message, Gate market display, BTC drops below 66,000 USDT, current price 65,997.9 USDT.

CryptoRadar2m ago

XRP Trades Near $1.45 Support as Bitcoin Fractal Comparison Emerges

XRP is trading in a narrow band of between $1.45 and $1.61 after falling by 7.0 per cent in a single day. XRP was up 5.1 percent versus Bitcoin and traded at 0.00002174 BTC even though the USD pair was weak. EGRAG CRYPTO emphasizes that it is a Bitcoin fractal comparison, which is

CryptoNewsLand5m ago

Price Predictions 2/18: BTC ETH XRP BNB SOL DOGE BCH ADA HYPE XMR

Bitcoin (CRYPTO: BTC) continues to face selling pressure as it tries to defend a key zone around $67,000, with bears pressing at every incline. The $65,118 support remains a focal point for downside risk, while the upside faces hurdles near $72,000 and $74,508. The longer-term picture is

CryptoBreaking15m ago

'I’ve Never Been More Bullish' — Eric Trump Reaffirms $1M Bitcoin Prediction 

Eric Trump says bitcoin will reach $1 million per coin, telling CNBC on Feb. 18 that he has “never been more bullish” on the leading cryptocurrency despite the recent market pullback. Eric Trump Touts Stablecoins, Reaffirms Bitcoin Price Outlook Appearing alongside Donald Trump Jr. in an

Coinpedia15m ago

Bitcoin Dominance Weakens As Ethereum Gains Momentum, Analysts Say

Michaël van de Poppe’s latest tweet has reignited a familiar debate in crypto markets: is the era now more favorable to Ethereum than to Bitcoin? The Dutch analyst warned that “the BTC dominance seems to be breaking down. It’s making a lower high, and therefore, a continuation of this trend is

BlockChainReporter1h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)