As data suggested, 3.65 billion realized profits appeared on the chain after Bitcoin reached $39,000. But while the data gave us a hint about the possible end of the rally, the reason behind the increased profit realization volume is still unclear as the volatility of the cryptocurrency remains low.
At press time, Bitcoin trades at $37,000 and gains 0.2% of its value. During yesterday's trading session, BTC has lost 4.8% but still has not dropped below the starting point of the recovery rally.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience. Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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