Post #14595

💰Profit fixations are observed in the crypto market, mainly among short-term Bitcoin holders. Over the past day alone, $1.5 billion in profit was recorded, and over the last four days – as much as $4.5 billion. These are the largest profit-taking since November 2021, when Bitcoin reached its all-time high. 🪙Despite these significant sales volumes, it is surprising that the price of BTC is holding above the key psychological level of $40,000. This demonstrates the stability and resilience of the market despite large movements of funds. ✨Also, one of the key points is the achievement of a negative correlation between Bitcoin and traditional financial markets, which highlights the transformation of Bitcoin from “tech stocks” to “digital gold,” as the CEO of CryptoQuant put it. By Crypto Australia