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CryptoQuant: The bullish cycle is still strong
The Net Realized Profit and Loss metric (NRPL) suggests that profit-taking remains at moderate levels, which historically has been a sign that the bullish cycle still has room to run.
📉 In previous bearish cycles, profit-taking peaks were much higher.
📈 Currently, even with the price at all-time highs, holders are not selling aggressively.
🔁 With this low selling pressure, the momentum of #BTC could continue longer than many expect.