Home
/ Insights
Crypto Newsfeed
Master
reply

Bitcoin profit-taking plummets 93% since December – What’s next for BTC?

Bitcoin’s profit-taking activity has plunged 93% since December, indicating market uncertainty. Just two months ago, investors realized profits amounting to $3 billion before this substantial drop.

Traders are showing reduced risk appetite with a declining leverage ratio in the derivatives market. Additionally, exchange outflows decreased by 16%, suggesting lower trading confidence.

The upcoming FOMC meeting could significantly influence Bitcoin’s price recovery efforts. A stable environment post profit-taking may allow for accumulation by institutions.

This is community-generated content, not advice from ONUS.
heart
reply
share
 
send
ONUS
ONUS
Trusted by
4 Million +
Users
Sign up receive 10$
Trending coin
Top gainers
Price Prediction
How to buy
Research