CryptoQuant data shows that bitcoin investors started realizing major profits after the explosive August rally, disposing of roughly 110,000 BTC in just a few weeks. On August 21 alone, they realized 23,000 BTC in net profits, marking the largest single-day profit realization this year. Bitcoin peaked at $82,400 before retreating below $80,000, and several demand indicators have weakened, including the Coinbase Premium which returned to slightly negative territory at -0.05. Historically, such highly concentrated profit-taking has been followed by substantial price corrections, analysts warned.
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