Analysis: Limited Profit-Taking in Current Bitcoin Rally, Market Investor Sentiment Stabilizing Gradually

AirdropBlackHole · 2026-04-08T06:34:10+00:00

During a recent Bitcoin rally, profit-taking was minimal, with an average realized profit of $18.79 million, indicating stabilizing market sentiment. Short-term holders faced slight losses, suggesting a reluctance to sell amid expectations for further price increases. Caution is advised for short positions.

AirdropBlackHole

2026-04-08 06:34:10

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On April 8, on-chain analyst Murphy stated that during the recent Bitcoin rally to $71,000–$72,000, the average realized profit over the past 24 hours was only about $18.79 million, significantly lower than the large-scale profit-taking seen in previous rallies. Meanwhile, short-term holders experienced an average realized loss of only about $6.06 million in the past 24 hours, which is considered extremely low in recent terms. Overall, market investor sentiment is gradually stabilizing, showing a noticeable improvement from the extreme pessimism observed in February. During price rebounds, profit-taking is not urgent, and those at a loss are also reluctant to cut losses easily, indicating that the market anticipates more room for higher rebounds. For short positions, it is advisable not to be overly stubborn. Although indicators suggest a need for overbought and divergence corrections, short-term opportunities are limited, and caution is necessary to avoid prolonged battles.

BTC5.25%

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