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Bitcoin sees 5 billion USD in realized profits – explained

Bitcoin recently saw nearly 5 billion USD in realized profits, indicating significant market activity and renewed investor confidence. Large investors increased their holdings, while retail investor participation decreased, potentially impacting future price movements.

The current price of Bitcoin is around 104,370 USD, with established support at 92,210 USD and resistance at 106,143 USD. The market’s sentiment remains neutral, allowing for both bullish and bearish outcomes.

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