Bitcoin Profit-Taking Activity Rises, Surpassing Annual Average

According to PANews, recent data from Glassnode indicates a notable increase in profit-taking activities within the Bitcoin network. On the previous day, realized profits from Bitcoin transactions reached $2.46 billion. The seven-day moving average (SMA) has risen to $1.52 billion, surpassing the annual average of $1.14 billion. However, this figure remains below the peak levels observed between November and December 2024, when the seven-day SMA ranged from $4 to $5 billion.