CryptoQuant: Bitcoin May Continue to See Profit-Taking, "Bear Market Rally" Not Over Yet
2026-05-08 22:33
Odaily reports that on-chain analytics firm CryptoQuant stated that as prices have recently risen, profit-taking behavior in the Bitcoin market may increase further.
Data shows that Bitcoin has risen over 20% since the beginning of April, but the firm still defines this market movement as a "bear market rally." The current profitability indicator for short-term holders has remained above 1, indicating that the market has been in a continuous profit-taking phase since mid-April.
The analysis suggests that although selling pressure is increasing, a price correction may still take some time to materialize.
บทความแนะนำ
