Bitcoin On-Chain Data Signals Bull Market Consolidation as Profit-Taking Pressure Eases

TLDR: Bitcoin’s Daily Realized Profit/Loss Ratio 30DMA has dropped sharply, signaling fading profit-taking pressure. A realized-loss spike points to a localized panic-sell event typical of mid-cycle corrective resets, not tops. Adjusted MVRV remains above bear market transition zones, reflecting mid-cycle normalization rather than breakdown. Bitcoin holds above long-term realized value benchmarks despite contracting profitability, showing [...]

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