Bitcoin

<ul><li>Post LUNC-UST collapse, the largest BTC-linked net profit recorded is $320M/day.</li><li>Various technical indicators point out Bitcoin’s market transition to bullish.</li></ul>Bitcoin’s current consolidation phase has conquered the prime attention of the <a href="https://thenewscrypto.com/tag/crypto-market/" rel="noopener noreferrer nofollow">crypto community</a>. The dominant cryptocurrency laid out a neutral price channel between $26.5K to $28.5K since last week. Remarkably, analytical findings pointed out the increasing investors’ profit-taking and confidence in <a href="https://thenewscrypto.com/bitcoin-news/" rel="noopener noreferrer nofollow">Bitcoin</a>.In the above chart, the relative strength index (RSI) of BTC is at 63.24, at press time. The asset is inching closer to its overbought state to send out strong sell signals. At the time of writing, according to CMC, the price of Bitcoin was $27,611.<h3 id="bitcoin-holdings-exchange-flows-profits">Bitcoin – Holdings, Exchange Flows &amp; Profits</h3>In recent weeks, the volume of Bitcoin (BTC) transferred to exchanges spiked up. This eventually drove a larger net increase. As per the data from Glassnode, a popular on-chain market intelligence firm, the net exchange inflow increased by nearly 4,180 BTC in Week 13. In total, 31K BTC were sent to the <a href="https://thenewscrypto.com/exchange-news/" rel="noopener noreferrer nofollow">crypto exchanges</a>. Notably, in May 2022, prior to the Terra LUNA (now LUNC) collapse, the cycle recorded the previous high.Continue reading <a href="https://thenewscrypto.com/bitcoin-investors-take-in-largest-net-profit-post-luna-crash/" rel="noopener noreferrer nofollow">&#64;TheNewsCrypto</a>

Bitcoin Investors Take In Largest Net Profit Post-LUNA Crash?

Table of Contents

TheNewsCrypto

Other articles published on Mar 29, 2023

Lido to Join Jato V3 Testnest Amid SSV Network Pilot

Delaware bankruptcy judge approves FTX’s $45 million Sequoia sale

UBS’s acquisition of Credit Suisse brings some good and bad for crypto

Top 7 Legal and Compliance Jobs in the Crypto Market

Uncovering the secretive crypto portfolio of Andrew Tate

What the EU’s anti-money laundering regulations mean for crypto

Join our free newsletter for daily crypto updates!