CryptoQuant says bitcoin profit-taking could increase further amid ‘bear market rally’

Bitcoin holders are realizing significant profits amid a 20% rally since April, but CryptoQuant warns this remains a "bear market rally," not a structural bull shift. Daily profit-taking hit December highs, with the STH-SOPR indicator signaling continuous distribution. Current net profits of 20,000 BTC lag the 130,000–200,000 BTC range confirming bull markets, suggesting correction risk ahead despite supportive perpetual futures demand.
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