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❗️📈 CryptoQuant notes BTC as the fourth ever strongest profit-taking by long-term holders.
My comment: Let me tell you what's going on right now, in my opinion, with Bitcoin. Why did he go for a correction right before the HALVING?
There is such a topic in investments that is called - buy on rumors, sell on news! Most people do exactly the opposite.
Therefore, some owners of capital in Bitcoin prefer to unload on the news about the HALVING (especially those who held Bitcoin with 15-30 thousand dollars) - they have already made a SIGNIFICANT GROWTH of capital - and if this amount is calculated in hundreds of millions and billions, then it is just pleasant!
And globally, now, after unloading, further growth will continue, because people continue to buy bitcoins and funds too. 😁