Analyst: BTC may be approaching a temporary peak, and potential profit-taking pressure is rising
Market analyst Ali posted on platform X that Bitcoin is currently showing signs of "overheating." Data shows that the average realized profit margin for traders has risen to 17%, indicating that a large number of investors are in a significantly profitable state, and potential profit-taking pressure is increasing.
The last time a similar situation occurred was in March 2022, when Bitcoin was testing the resistance level of the 200-day moving average, and the average profit margin also reached 17%. Subsequently, the market formed a phase top and re-entered a downward trend. This historical signal has appeared again, warranting high vigilance from the market.
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