via Cointelegraph · By Cointelegraph Staff
BTC Holders May Sell To Realize Profits Following April Rally
BTC/USDT
$29,650,885,667.88
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
+0.0021%
Longs pay
Bitcoin profit-taking could accelerate as BTC prices climb to three-month highs and investors begin locking in gains, according to Julio Moreno, head of research at onchain analytics platform CryptoQuant.
Holders realized 14,600 BTC in profits on Monday, or $1.1 billion, following Bitcoin's April rally, Moreno said, adding that this is the “highest” single day of profit-taking since Dec. 10, when…
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