BTC Traders Realize Massive Profits, Exceeding $500 Million per Hour During Recent Sales

Recent market activity has seen significant profit-taking in the Bitcoin (BTC) market. Trading data reveals that traders have been accelerating their sales, realizing up to $500 million per hour during several periods of selling over the past 24 hours, according to Glassnode data. This profit-taking comes as BTC has experienced a series of rallies following recent drops, with traders capitalizing on these movements. This surge in selling activities is being attributed to a combination of increasing profits and anticipation for future market shifts.