Analysis: Bitcoin steady as holders resist profit-taking, eyeing Q3 breakout

Bitcoin (BTC) has recently diverged from its typical role as either a risk-on or risk-off asset, despite rising geopolitical uncertainty, according to Alex Kuptsikevich, chief market analyst at FxPro, as reported by CoinDesk. Blockchain data reveals that long-term BTC investors are largely holding their positions, with minimal signs of broad profit-taking despite recent price gains. This stable investor behavior is seen as a factor contributing to the ongoing consolidation in the market, which could pave the way for a potential breakout in the third quarter.