Bitcoin Profit-Taking May Sustain Bull Market, Research Suggests

According to Cointelegraph, recent research indicates that Bitcoin (BTC) could continue its upward trajectory despite holders taking profits. In its latest Biweekly Report dated May 29, research firm Santiment maintains a positive outlook on the market, even as BTC/USD experienced a 10% decline. The report suggests that profit-taking does not necessarily signal the end of the bull market. By analyzing the Mean Dollar-Invested Age (MDIA) metric, which measures the duration coins remain in wallets without moving, Santiment found that the supply has been reactivating since mid-April source: https://www.binance.com/en/square/post/24937076927713?utm_source=BinanceNewsRSS