Bitcoin holders are taking profit as price continues to recover.



With BTC up more than 20% since the start of April, holders have started realizing gains again, according to CryptoQuant. Over the past 30 days, investors have locked in a combined +20,000 BTC - the first positive reading since late December.

CryptoQuant analyst Julio Moreno notes that this may still look more like a bear market rally, since current profit-taking volumes remain far below the historical 130,000-200,000 BTC range typically seen during transitions into a bull market.
BTC0.98%
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