Feb 25, 18:00 UTC — this pattern repeated. Smoothed Net Realized P&L exceeded $5M/hr. Price peaked at $69.4k and stalled. Profit-taking continues to absorb momentum at the $70k threshold, consistent with a thin liquidity regime where even modest realization events are sufficient to suppress recovery attempts. 📉http://glassno.de/4kHB925(glassnode)