Bitcoin
The headlines have increased their activity to obtain profits since the averages of cryptocurrency prices showed a key bullish signal two weeks ago.
The simple mobile (SMA) average of BTC crossed over its 200 -day SMA on May 22, confirming a golden cross, a technical indicator that indicates a long -term upward impulse, according to TrainingView data. The same day, the price of Bitcoin reached a higher record above $ 111,000, according to Coindesk data.
Even so, the headlines are increasingly blocked in the profits instead of maintaining a greater rise, according to data in the chain tracked by Glassnode.
“The entity’s profits obtained more than $ 500 million/hour three times in the last 24 hours, pointing out an intense activity of obtaining profits,” said Glassnode in X on Tuesday.
The profit adjusted by the entity represents the total gain of USD of all the currencies that have moved in the chain, where the price in its last movement is lower than the last transaction price.
The table shows that the activity of obtaining profits has constantly increased since the second half of May, exceeding the $ 500 million brand several times. That is the most intense operation of taking profits since the beginning of February.
Other metrics, such as the gain of production spent by the entity (SOPR), suggest the same. SOPR tracks the level of gain of all coins moved during a given period. Its version adjusted to the entity discards transactions between the addresses of the same entity, providing a reliable indicator of real economic activity.
“ATH’s recent rupture has led to a notable increase in enclosed profits, with the average currency that captures a profit of +16%. Less than 8% of the negotiation days have been more profitable for investors, which suggests that a significant transition on the activity of obtaining profits is underway,” said Glassnode in his weekly report.
The report added that the profits is not yet as intense as seen during the main previous price patterns.
At the time of writing, BTC changed hands to $ 105,600 in the middle of the social platform of the truth of President Donald Trump, bringing one more step to offer a fund quoted by Bitcoin Exchange to everyday investors.
