Bitcoin price ‘breather’ expected as short-term traders realize $11.6B in profit

Date: 2025-05-23

Key takeaways:Short-term Bitcoin holders realized $11.6 billion in profit over the past 30 days, suggesting a potential pause or local top in the market.Technical indicators show cooling momentum as retail investor sentiment falls to a 90-day low and liquidity data points to price volatility.Bitcoin (BTC) price recently hit a new all-time high of $111,800, but the bullish momentum may slow down as onchain data from Glassnode reveals significant profit-taking by short-term holders (STHs), potentially signaling a market "breather."Glassnode analysis shows that STHs, often considered traders rather than long-term investors, have realized a staggering $11.6 billion in profits over the last 30 days. This follows a sharp rebound in Bitcoin’s pric...

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