Analyst: BTC is near a cyclical top, and potential profit-taking pressure is increasing.

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Mars Finance news, market analyst Ali posted on the X platform that Bitcoin is showing signs of being “overheated,” with data indicating that the average realized profit rate of traders has risen to 17%, which means a large number of investors are already in significant profit, and the potential profit-taking pressure is increasing. The last time similar conditions occurred was in March 2022, when Bitcoin was testing the 200-day moving average resistance level and the average profit rate also reached 17%, after which the market formed a cyclical top and re-entered a downtrend. Currently, this historical signal has reappeared, and the market should be highly alert.

BTC0.41%
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