Is Bitcoin’s Bottom In? 5 Signals Suggesting A Bullish Trajectory Despite $1 Billion Daily Profit Taking

Bitcoin has been showing signs of strength since early 2024, with its seven-day moving average of net realized profit/loss consistently positive. This surge is driving daily profits exceeding $1 billion. While this aggressive profit-taking indicates a potential market correction could be on the horizon, Bitcoin’s price continues to rise, echoing past trends. This suggests that profit-taking may not be strong enough to fully reverse the current bullish trajectory.