Bitcoin sees longest streak of profit taking from investors since November 2021 bull run
Definition
Net Realized Profit/Loss is the net profit or loss of all moved coins and is defined by the difference of Realized Profit – Realized Loss.
Quick Take
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- Net realized profit/ loss indicates that this is the longest streak of profit-taking in Bitcoin since the bull run in late 2021.
- Investors were taking profits for around three weeks during March 2022. However, this streak is roughly one month, and investors are taking the opportunity for profits.
- In the past 14 days, only around $45 million of profits have been realized, considerably less than the previous streaks mentioned above.
- CryptoSlate analyzed that profit-taking occurred last week, predominantly from short-term holders.
- Bitcoin continues to face resistance at $25,000; one of the reasons is due to investors realizing profits.
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