Bitcoin: OG Traders Triple 2021 Cycle Profits
Bitcoin OG traders post record unrealized profits nearly triple the 2021 peak as ETFs and DATs absorb exit liquidity instead of exchange traders.
SourceAnalysis
Bitcoin OG traders just posted their most profitable cycle on record, with Binance traders' unrealized profits nearly triple the 2021 top because ETFs and DATs absorbed exit liquidity rather than exchange participants.
Price at $63898.39 sits inside the Bollinger Bands with upper resistance at $65121.75 and lower support at $62945.96 while the MACD death cross at -255.37 keeps the trend bearish; the neutral RSI at 46.99 and price holding above the EMA200 at $63721.83 yet below the EMA50 at $64195.29 point to a likely retracement toward the 50-EMA before any sustained continuation driven by the structural ETF bid.
Ki Young Ju
@ki_young_juFounder & CEO of CryptoQuant.com