TechFlow News: On May 17, market analyst Ali posted on X stating that Bitcoin has currently shown signs of “overheating.” Data indicates that traders’ average realized profit margin has risen to 17%, meaning a large number of investors are now sitting on substantial profits, and the potential pressure to take profits is increasing. A similar situation last occurred in March 2022, when Bitcoin—while testing resistance at its 200-day moving average—also saw an average realized profit margin of 17%; shortly thereafter, the market formed a short-term top and re-entered a downtrend. This historical signal has now reappeared, warranting heightened market vigilance.
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