Cryptoquant: Third Profit-Taking Wave Mirrors Past Cycles, Hints at Future Breakout
August 1, 2025 · 3:30 PM
Cryptoquant data indicates that Bitcoin is currently experiencing its third major profit-taking wave in the ongoing 2023–2025 bull market, which usually precedes a consolidation phase before reaching new highs. This wave began after Bitcoin exceeded $120,000 in late July 2025, resembling previous profit-taking patterns. The report also suggests that a similar consolidation phase is anticipated for Ethereum.
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