Bitcoin Price Stabilizes Amidst Selling Pressure: Short-Term Investors Cash In

Bitcoin’s price recently reached approximately $120,000, with a Glassnode report highlighting substantial profit-taking activities among investors. The report reveals that short-term traders, who bought Bitcoin at lower prices, are now capitalizing on the current market highs, causing a surge in profit realization. This trend has tested the market’s liquidity and stability while prompting many to view this price as an opportunity to exit. ]