Bitcoin is nearing its all-time high of $73,800, largely driven by substantial ETF inflows and a significant technical breakout. These developments have fueled optimism in the market and increased investor interest in Bitcoin.
Despite these positive factors, there is a looming threat of profit-taking pressure, as indicated by the fact that 98.8% of Bitcoin holders might choose to sell when the price approaches its peak.
These dynamics make the current period crucial for Bitcoin investors, as they have to navigate between the potential for further gains and the risk of a sell-off.
Source: en.coinotag.com ↗