Definition
Net Realized Profit/Loss is the net profit or loss of all moved coins and is defined by the difference of Realized Profit – Realized Loss.
Quick Take
- Net realized profit/ loss indicates that this is the longest streak of profit-taking in Bitcoin since the bull run in late 2021.
- Investors were taking profits for around three weeks during March 2022. However, this streak is roughly one month, and investors are taking the opportunity for profits.
- In the past 14 days, only around $45 million of profits have been realized, considerably less than the previous streaks mentioned above.
- CryptoSlate analyzed that profit-taking occurred last week, predominantly from short-term holders.
- Bitcoin continues to face resistance at $25,000; one of the reasons is due to investors realizing profits.
The post Bitcoin sees longest streak of profit taking from investors since November 2021 bull run appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoin-sees-longest-streak-of-profit-taking-from-investors-since-november-2021-bull-run/