Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin (BTC) has realized $5.42 billion in profits, despite selling pressure and market volatility.</li> 
 <li>Bitcoin’s market remains resilient with growing network activity and adoption, even amid potential short-term selling pressure.</li> 
</ul>  
<p>Bitcoin (BTC) has realized profits of $5.42 billion, as per market analyst Ali’s data. </p> 
<p> This comes as the Sell-side Risk Ratio, a metric evaluating the risk-reward balance for sellers, surged to 0.524% but still remains below historical highs. </p> 
<h2 id="profit-vs-loss-and-market-resilience">Profit vs Loss and Market Resilience</h2> 
<p>The realized profit figures are significantly higher than realized losses, with profits nearing $8 billion while losses are around $1 billion. </p> 
<p> This disparity can be seen as a sign of market optimism, with investors capitalizing on gains rather than selling at a loss. </p> 
<p>At the time of writing, Bitcoin was trading above $91,000 with a 24-hour trading volume of $84.43 billion. </p> 
<p> Despite a recent correction, BTC’s price increased by just under 4% in the last 24 hours. </p> 
<h2 id="network-activity-and-adoption">Network Activity and Adoption</h2> 
<p>The rise in Bitcoin’s price has correlated with an increase in network activity. </p> 
<p> Data showed an uptick in both new addresses and active addresses, signifying increased participation. </p> 
<p> The number of zero balance addresses has remained relatively flat, indicating no significant increase in dormant or abandoned wallets. </p> 
<p>On 15 November, net inflows of $128.46 million were recorded, hinting at a possible increase in selling pressure. </p> 
<p> However, Bitcoin’s performance has remained strong, supported by periods of accumulation earlier in the year. </p> 
<h2 id="broader-economic-factors">Broader Economic Factors</h2> 
<p>Uncertainty surrounding regulatory policies and national debt levels could influence Bitcoin’s price trajectory. </p> 
<p> The new administration may introduce fiscal measures to address debt concerns, which could heighten inflationary risks. </p> 
<p> Moreover, with the Bitcoin/Gold ratio peaking at 35, Bitcoin is now valued at 35 times gold’s price, marking a yearly high. </p> 
<p> This is a sign of Bitcoin’s ongoing outperformance against traditional assets, even amid macroeconomic uncertainty. </p>

Bitcoin Surpasses $90K: Record Profits of $5.42B Amid Increased Selling Pressure

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CoinEagle.com

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