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Analyst: Bitcoin’s Potential Profit-Taking Pressure Is Rising, Deserving High Market Vigilance
Svmuu reported that market analyst Ali posted on platform X stating that Bitcoin is currently showing signs of "overheating." Data indicates that the average realized profit margin for traders has risen to 17%, meaning a large number of investors are in a notably profitable state, and potential profit-taking pressure is increasing. A similar situation occurred in March 2022, when Bitcoin was testing the 200-day moving average resistance level while the average profit margin also reached 17%. Subsequently, the market formed a short-term top and re-entered a downtrend. Now that this historical signal has appeared once again, it warrants high market vigilance.
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