Glassnode: Market profit-taking is cooling down, but has not yet entered the panic selling zone
BlockBeats News, on February 18, Glassnode posted on social media stating, "The ratio of realized profit to market capitalization for BTC (30-day moving average) has dropped significantly, absorbing most of the previous profit-taking. However, this indicator still remains above the historical 'panic selling zone.' This suggests that profit-taking activity in the market is cooling down, but has not yet entered a widespread capitulation selling phase."
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