Bitcoin's Profit Shock: Traders Take a Breather

Bitcoin sees a 'breather' as short-term traders take $11.6B profits. In the wild world of Bitcoin, short-term traders have just cashed in a hefty $11.6 billion in profits over the past month as @Glassnode reveals. This spree signals a "breather" for Bitcoin, which recently hit an all-time high at $111,800. A rush of profit-taking often precedes a market cooldown, as seen with current slowing momentum. As analyst Axel Adler Jr mentions, this “technical cooldown” might pause Bitcoin's bullish streak. But is this just a pause, or the start of a larger shift? Stay curious, my friends, and watch those charts!