Bitcoin Bull Run Continues Despite Profit Taking: Santiment’s Analysis

Recent data from crypto analytics firm Santiment suggests that the current bull run in Bitcoin might be fueled by a key phenomenon: profit-taking from long-term holders. While this could trigger fears of a market top, Santiment argues it actually supports continued bullish trends. 💎 The decline in Bitcoin’s Mean Dollar Invested Age (MDIA) since mid-April indicates that long-term investors have been selling, providing liquidity to the market and facilitating new buyer entry. This isn’t surprising as it reflects a natural shift from accumulation to distribution as these investors look to secure profits. 📈