Bitcoin Faces Profit-Taking Pressure as $2.2 Billion Shorts Risk Liquidation

Despite strong whale accumulation, Bitcoin may struggle to reclaim its record high due to profit-taking pressures intensifying in the market. Santiment, a leading on-chain analytics platform, points to this potential slowdown with their analysis of Bitcoin’s Market Value to Realized Value (MVRV) ratio currently exceeding 21%. This metric indicates that most Bitcoin holders have enjoyed substantial gains in recent months, and such positive momentum often precedes selling activity. While not at extreme levels, this remains a mild danger zone as it increases the risk of profit-taking.