Glassnode: Bitcoin Holders Realize $5.1B in Weekly Profits
- —Holders realized $5.1B in BTC profits over the past week
- —Profit-taking levels are closer to late 2023 than cycle peaks
- —Trading volumes stay thin as traders await clearer signals
- —Whale activity could drive the next price move
Why it matters: Muted profit-taking suggests holders are cautious, limiting sell-side pressure on Bitcoin's price for now.
Source: Coinfomania