Glassnode: Profit-taking in the market is cooling down, but it has not yet entered the panic selling zone

BTC1,46%

BlockBeats News, February 18 — Glassnode posted on social media that the realized profit to market cap ratio (30-day moving average) for BTC has significantly declined, digesting most of the previous profit-taking. However, this indicator still remains above the historical “panic sell zone.” This suggests that profit-taking behavior in the market is cooling down, but it has not yet entered a widespread capitulation sell-off phase.

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