CryptoQuant: Bitcoin may continue to see profit-taking, "bear market rally" is not yet over
2026-05-08 22:33
Odaily reports that on-chain analytics firm CryptoQuant has stated that as prices rise recently, profit-taking in the Bitcoin market may increase further.
Data shows that Bitcoin has risen over 20% since early April, but the firm still defines this market movement as a "bear market rally." The current short-term holder profitability indicator has remained above 1, indicating that the market has been in a continuous profit realization phase since mid-April.
The analysis suggests that although selling pressure is increasing, a price correction may still take some time to materialize.
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