Bitcoin Profit-Taking At 2-Month High, Pullback Incoming?

On-chain data shows the Bitcoin profit-taking has risen to a two-month high, which could provide resistance to the BTC surge.
Bitcoin Profit-Taking Volume Has Shot Up With The Price Rise
According to data from the on-chain analytics firm Santiment, investors have started to take profits following the latest cryptocurrency price increase. The relevant indicator here is the “ratio of daily on-chain transaction volume in profit to loss,” as its name already implies, it tells us how the