Surge in BTC profit-taking signals late-stage bull market, Glassnode says

A surge in Bitcoin profit-taking indicates the market is entering the latter half of the current bull run, according to an analysis by Glassnode. The firm noted that capital inflows have slowed while large-scale profit-taking peaked after BTC reached $124,000. Based on previous cycles, Glassnode suggested that the cryptocurrency could reach a new all-time high within the next two to three months.