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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #991 20.7K
After hitting an all-time high at $99.4K, Bitcoin has fluctuated between $92K and $98K this past week.

Daily realized profits to exchanges have cooled off significantly, now at $277M/day. This represents a 42% drop from the peak of $481M/day on Nov 16.

This sharp decline signals reduced profit-taking activity, suggesting the market has entered a consolidation phase.

See the chart: https://glassno.de/49jwGg8
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