Odaily Planet Daily News CryptoQuant analyst Axel posted on the X platform that the realized net profit and loss chart clearly shows that investors will have a clear peak of profit taking during the price rise phase. We are likely to see one or two more waves of profit taking before the price enters a deep correction.

Each wave of profit taking will be accompanied by short-term corrections and consolidation, but as long as the peak net profit realized does not exceed the previous extreme or is of similar size, the bull market trend will remain intact. Ideally, these healthy corrections will cool the market from overheating and continue the upward trend.