Odaily News Bitcoin has risen more than 40% since October 13. However, traders remain confident in its upside potential, noting that profit-taking has been only about half as aggressive as in previous all-time high cycles. "While profit-taking has been strong, it remains below all-time highs, suggesting that there is further room to move higher before underlying demand exhaustion is reached," Glassnode said in a recent market report. Glassnode explained that since Bitcoin surpassed $73,679 on November 5, "realized profits" have averaged about $1.56 billion per day, almost half of the $3 billion seen during the previous all-time high in March. "Since entering the latest ATH discovery phase, we have observed $20.4 billion in realized profits," the report added. (Cointelegraph)