PANews|May 17, 2026 09:01
[Analyst: BTC May Be Approaching a Local Top, Potential Profit-Taking Pressure Rising]
Market analyst Ali posted on the X platform, stating that Bitcoin is currently showing signs of being 'overheated.' Data indicates that traders' average realized profit margin has risen to 17%, meaning a significant number of investors are in a notable profit position, and potential profit-taking pressure is increasing. The last time a similar situation occurred was in March 2022, when Bitcoin was testing the 200-day moving average resistance level, and the average profit margin also reached 17%. Subsequently, the market formed a local top and re-entered a downward trend. This historical signal has reappeared, warranting heightened caution from the market.
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