Bitcoin profit-taking hits yearly high as $80K support comes into focus

Bitcoin investors’ profit-taking has reached its highest level this year, according to CryptoQuant. CryptoQuant said traders’ unrealized profit margins had risen as high as 33% while demand was weakening. It added that the broader bull market remained intact, but recent signs suggested cracks were emerging in the latest rally. The first key support level to watch is $80,000, CryptoQuant said.