Bitcoin Falls Below $117,000 Amid $3.5 Billion Profit-Taking Frenzy

  • The Bitcoin price has slipped under $117,000 as on-chain data shows the network has observed one of its largest profit realization days of the year. Bitcoin Long-Term Holders Did The Major Share Of Profit-Taking In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Realized Profit indicator for the short-term holders and long-term holders.