Crunch Time For Bitcoin: Market Top Or Another Monster Rally Ahead?
Posted On January 30, 2025
Bitcoin (CRYPTO: BTC) stands at a crossroads, with the cryptocurrency community wondering whether a potential ‘top’ may be approaching or if the apex crypto is gearing up for another rally.
What Happened: In a detailed thread on X on Thursday, crypto chart analyst Ali Martinez highlighted growing selling pressure from miners and long-term holders, noting that over $3 billion in realized profits were recorded in December 2024, while 20,000 BTC (worth $2 billion) was sold by miners in mid-January.
Historically, Bitcoin market tops have coincided with sharp spikes in realized profits.
Additionally, long-term holders have offloaded 75,000 BTC …
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