The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bitcoin has extended its rally to tap the $78,000 level, fueled by geopolitical breakthroughs and sustained institutional liquidity. This upward move triggered a massive wave of liquidations in leveraged positions, totaling approximately $820 million within a 24-hour period. New on-chain data reveals that the Bitcoin network recorded its highest profit-to-loss transaction ratio in 12 weeks, reaching a 3:1 ratio. According to Santiment, this significant spike in profit-taking may signal a potential local price top for the cryptocurrency. While Fundstrat’s Tom Lee maintains that digital assets are positioned to lead the market, the scale of recent liquidations and profit-taking highlights underlying risks. Analysts are now closely monitoring whether Bitcoin can sustain its momentum or if selling pressure will force a correction.
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