BlockBeats News, May 22nd. On-chain data analyst Murphy published an article analyzing on-chain data after BTC broke its new all-time high. The data shows that Bitcoin has realized profits of up to $2 billion, indicating a "massive profit-taking" event, which is a typical signal of a bull market sprint. The higher the magnitude, the stronger the momentum. It is advised not to be bearish at this point unless there are signs of "decay."
Using the example of the second peak phase in 2021 to illustrate the "decay" signs, Bitcoin's profit-taking during the first peak in 2021 reached $22 billion, but the second wave was only $17 billion. At this time, the price did not show a significant decline, but it can be seen as a form of momentum "decay." Each massive profit-taking event represents a significant consumption of market demand. When the market gradually becomes unable to withstand it, signs of fatigue will emerge. Market views shared are for learning and communication purposes only and should not be considered as investment advice.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。