Bitcoin Rally Continues: Unusually Low Profit-Taking Suggests Upside May Persist

Despite Bitcoin reaching record highs, a unique trend suggests the rally may continue with no clear peak in sight. CryptoQuant data reveals unusually low profit-taking by holders, implying sustained confidence in further upside potential. This contrasts with typical selling pressure observed when prices reach all-time highs, suggesting a period of accumulation rather than distribution. The lack of significant selling signifies the current market is exhibiting healthy bullish momentum. Notably, this trend aligns with strong institutional and retail participation, driving demand without significant pullbacks. Though the absence of a clear top remains to be seen, experts suggest that this prolonged rally may signify a new phase in the bull cycle driven by factors like inflation, interest rates, and global instability, all pushing Bitcoin’s appeal as a store of value.