Analysis: Profit-Taking Surges After Bitcoin Rises to $123,000, Signaling a Potential Healthy Correction
According to a report by Jinse Finance, CryptoQuant analyst Tarek J stated on social media that based on Bitcoin exchange net flow data, there has been a surge in profit-taking after Bitcoin reached a high of $123,000. This trend typically signals the formation of a local top and may lead to a healthy correction or consolidation in the coming days.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.
