Bitcoin profit taking lingers, but rally to $115K will liquidate $7B shorts
5M ago•
bullish:
0
bearish:
0
Share
Improving US macroeconomic data gave Bitcoin price a boost, but onchain data points to prolonged profit-taking among BTC investors.
Key takeaways:
Bitcoin could turn parabolic if prices move above $115,000 to liquidate more than $7 billion in short positions.
Onchain indicators enter overheated territory, suggesting prolonged profit-taking from BTC investors.
5M ago•
bullish:
0
bearish:
0
Share
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
bullish:
0
bearish:
0
bullish:
0
bearish:
0