{"id":653119,"date":"2024-11-15T03:00:15","date_gmt":"2024-11-15T03:00:15","guid":{"rendered":"https:\/\/wncen.com\/?p=653119"},"modified":"2024-11-14T12:18:33","modified_gmt":"2024-11-14T12:18:33","slug":"bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/","title":{"rendered":"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?"},"content":{"rendered":"

Bitcoin (BTC) recently reached a new all-time high (ATH) of $93,477, as the leading digital asset inches closer to the highly anticipated $100,000 target. Notably, the ongoing price rally has seen relatively muted profit-taking, fueling hopes that BTC has further room to surge.<\/span><\/p>\n

Low Profit-Taking For Bitcoin In Current Cycle<\/span><\/h2>\n

According to a recent <\/span>report<\/span><\/a> by Glassnode, the current BTC price momentum is primarily driven by strong <\/span>spot demand<\/span><\/a> and rising institutional interest. Particularly, the victory of Republican US presidential candidate Donald Trump has added optimism to the digital assets industry.<\/span><\/p>\n

Related Reading: Bitcoin Price Could Peak In 200 Days, Before US Recession In Mid-2025, Report Says<\/a><\/div>\n

The report highlights that over 95% of Bitcoin\u2019s supply is currently in profit. However, despite the high proportion of profitable holders, profit-taking has remained relatively muted during this cycle.<\/span><\/p>\n

Historically, monthly profit realization has typically ranged between $30 and $50 billion during previous Bitcoin ATH cycles. The current price discovery phase has seen about $20.4 billion in realized profit.<\/span><\/p>\n

This relatively low profit-taking level in the current BTC ATH cycle suggests further room for the BTC price to rise, potentially reaching the $100,000 milestone before demand wanes.<\/span><\/p>\n

The chart below shows the cost basis of new BTC investors, along with upper and lower statistical bands. According to the report, during an ATH phase, BTC\u2019s price repeatedly tests the upper bands as new investors enter the market at higher price points.<\/span><\/p>\n

\"BTC
Source: Glassnode<\/a><\/figcaption><\/figure>\n

As can be inferred from the above chart, BTC’s current spot price of $91,199 is just below its upper band of $94,900. Keeping track of price movement between these bands can show when the market price might be high enough to force existing holders to sell their holdings.<\/span><\/p>\n

Excess Leverage Must Be Flushed Before $100,000 BTC<\/span><\/h2>\n

While BTC is trading less than 10% below the $100,000 level, industry experts <\/span>opine<\/span><\/a> that excess leverage must be flushed out before the top digital asset attempts to hit the 6-figure target.<\/span><\/p>\n

Related Reading: Bitcoin To $100,000 By February 2025? Analyst Explains Why<\/a><\/div>\n

Data from Coinglass <\/span>shows<\/span><\/a> that more than $718 million worth of crypto contracts were liquidated in the past 24 hours, impacting 202,074 traders.\u00a0<\/span><\/p>\n

Notably, contract liquidations were split pretty evenly between longs and shorts – 49.93% vs 50.07%, respectively – indicating that despite the strong bullish sentiment, there is no clear trading advantage.<\/span><\/p>\n

Some industry leaders remain optimistic about BTC\u2019s future price action. In October, the BTC mining firm CleanSpark CEO <\/span>said<\/span><\/a> that the premier digital asset may peak at $200,000 in the next 18 months.\u00a0<\/span><\/p>\n

Similarly, BitMEX co-founder Arthur Hayes recently <\/span>predicted<\/span><\/a> that BTC may hit $1 million under the Trump administration. BTC trades at $91,199 at press time, up 3.9% in the past 24 hours.<\/span><\/p>\n

\"bitcoin\"
BTC trades at $91,199 on the daily chart | Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Unsplash, Charts from Glassnode and TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) recently reached a new all-time high (ATH) of $93,477, as the leading digital asset inches closer to the highly anticipated $100,000 target. Notably, the ongoing price rally has seen relatively muted profit-taking, fueling hopes that BTC has further room to surge. Low Profit-Taking For Bitcoin In Current Cycle According to a recent report by Glassnode, the current BTC price momentum is primarily driven by strong spot demand and rising institutional interest. Particularly, the victory of Republican US presidential candidate Donald Trump has added optimism to the digital assets industry. Related Reading: Bitcoin Price Could Peak In 200 Days, Before US Recession In Mid-2025, Report Says The report highlights that over 95% of Bitcoin\u2019s supply is currently in profit. However, despite the high proportion of profitable holders, profit-taking has remained relatively muted during this cycle. Historically, monthly profit realization has typically ranged between $30 and $50 billion during previous Bitcoin ATH cycles. The current price discovery phase has seen about $20.4 billion in realized profit. This relatively low profit-taking level in the current BTC ATH cycle suggests further room for the BTC price to rise, potentially reaching the $100,000 milestone before demand wanes. The chart below shows the cost basis of new BTC investors, along with upper and lower statistical bands. According to the report, during an ATH phase, BTC\u2019s price repeatedly tests the upper bands as new investors enter the market at higher price points. As can be inferred from the above chart, BTC’s current spot price of $91,199 is just below its upper band of $94,900. Keeping track of price movement between these bands can show when the market price might be high enough to force existing holders to sell their holdings. Excess Leverage Must Be Flushed Before $100,000 BTC While BTC is trading less than 10% below the $100,000 level, industry experts opine that excess leverage must be flushed out before the top digital asset attempts to hit the 6-figure target. Related Reading: Bitcoin To $100,000 By February 2025? Analyst Explains Why Data from Coinglass shows that more than $718 million worth of crypto contracts were liquidated in the past 24 hours, impacting 202,074 traders.\u00a0 Notably, contract liquidations were split pretty evenly between longs and shorts – 49.93% vs 50.07%, respectively – indicating that despite the strong bullish sentiment, there is no clear trading advantage. Some industry leaders remain optimistic about BTC\u2019s future price action. In October, the BTC mining firm CleanSpark CEO said that the premier digital asset may peak at $200,000 in the next 18 months.\u00a0 Similarly, BitMEX co-founder Arthur Hayes recently predicted that BTC may hit $1 million under the Trump administration. BTC trades at $91,199 at press time, up 3.9% in the past 24 hours. Featured image from Unsplash, Charts from Glassnode and TradingView.com<\/p>\n","protected":false},"author":619,"featured_media":653124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[230,428,84297,87460,1119,78790,87925,1558,15385,61309],"class_list":["post-653119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-arthur-hayes","tag-bitcoin","tag-bitcoin-ath","tag-bitcoin-realized-profit","tag-btc","tag-btcusdt","tag-crypto-asset","tag-cryptocurrency","tag-digital-asset","tag-glassnode"],"acf":[],"yoast_head":"\nBitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?<\/title>\n<meta name=\"description\" content=\"Bitcoin recently reached a new all-time high of $93,477, as the digital asset inches closer to the highly anticipated $100,000 target.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin recently reached a new all-time high of $93,477, as the digital asset inches closer to the highly anticipated $100,000 target.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-15T03:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-14T12:18:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1277\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ash Tiwari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ash Tiwari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/\"},\"author\":{\"name\":\"Ash Tiwari\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41\"},\"headline\":\"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?\",\"datePublished\":\"2024-11-15T03:00:15+00:00\",\"dateModified\":\"2024-11-14T12:18:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/\"},\"wordCount\":481,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277\",\"keywords\":[\"Arthur Hayes\",\"bitcoin\",\"Bitcoin ATH\",\"Bitcoin Realized Profit\",\"btc\",\"BTCUSDT\",\"Crypto asset\",\"cryptocurrency\",\"digital asset\",\"glassnode\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/\",\"url\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/\",\"name\":\"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277\",\"datePublished\":\"2024-11-15T03:00:15+00:00\",\"dateModified\":\"2024-11-14T12:18:33+00:00\",\"description\":\"Bitcoin recently reached a new all-time high of $93,477, as the digital asset inches closer to the highly anticipated $100,000 target.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277\",\"width\":1920,\"height\":1277,\"caption\":\"bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41\",\"name\":\"Ash Tiwari\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g\",\"caption\":\"Ash Tiwari\"},\"description\":\"Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash\u2019s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance. In the NFT space, Ash\u2019s interest is driven by the technology\u2019s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash\u2019s research in this area often touches on the intersection of culture, technology, and community-driven projects. A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash\u2019s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution. When it comes to communicating these complex topics, Ash\u2019s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights. Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain\u2019s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries. Ash\u2019s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash\u2019s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.\",\"url\":\"https:\/\/wncen.com\/author\/aisshwaryatiwari\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?","description":"Bitcoin recently reached a new all-time high of $93,477, as the digital asset inches closer to the highly anticipated $100,000 target.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?","og_description":"Bitcoin recently reached a new all-time high of $93,477, as the digital asset inches closer to the highly anticipated $100,000 target.","og_url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-11-15T03:00:15+00:00","article_modified_time":"2024-11-14T12:18:33+00:00","og_image":[{"width":1920,"height":1277,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277","type":"image\/jpeg"}],"author":"Ash Tiwari","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ash Tiwari","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/"},"author":{"name":"Ash Tiwari","@id":"https:\/\/wncen.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41"},"headline":"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?","datePublished":"2024-11-15T03:00:15+00:00","dateModified":"2024-11-14T12:18:33+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/"},"wordCount":481,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277","keywords":["Arthur Hayes","bitcoin","Bitcoin ATH","Bitcoin Realized Profit","btc","BTCUSDT","Crypto asset","cryptocurrency","digital asset","glassnode"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/","url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/","name":"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277","datePublished":"2024-11-15T03:00:15+00:00","dateModified":"2024-11-14T12:18:33+00:00","description":"Bitcoin recently reached a new all-time high of $93,477, as the digital asset inches closer to the highly anticipated $100,000 target.","breadcrumb":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277","width":1920,"height":1277,"caption":"bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41","name":"Ash Tiwari","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g","caption":"Ash Tiwari"},"description":"Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash\u2019s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance. In the NFT space, Ash\u2019s interest is driven by the technology\u2019s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash\u2019s research in this area often touches on the intersection of culture, technology, and community-driven projects. A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash\u2019s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution. When it comes to communicating these complex topics, Ash\u2019s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights. Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain\u2019s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries. Ash\u2019s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash\u2019s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.","url":"https:\/\/wncen.com\/author\/aisshwaryatiwari\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \u2013 Can BTC Climb Higher?","url":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Ash Tiwari"}],"creator":["Ash Tiwari"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["arthur hayes","bitcoin","bitcoin ath","bitcoin realized profit","btc","btcusdt","crypto asset","cryptocurrency","digital asset","glassnode"],"dateCreated":"2024-11-15T03:00:15Z","datePublished":"2024-11-15T03:00:15Z","dateModified":"2024-11-15T03:00:15Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Profit Taking Relatively Muted Amid $93K Rally \\u2013 Can BTC Climb Higher?\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-profit-taking-relatively-muted-amid-93k-rally-can-btc-climb-higher\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/bitcoin_1331e1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/bitcoin_1331e1.jpg?fit=1920%2C1277\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ash Tiwari\"}],\"creator\":[\"Ash Tiwari\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"arthur hayes\",\"bitcoin\",\"bitcoin ath\",\"bitcoin realized profit\",\"btc\",\"btcusdt\",\"crypto asset\",\"cryptocurrency\",\"digital asset\",\"glassnode\"],\"dateCreated\":\"2024-11-15T03:00:15Z\",\"datePublished\":\"2024-11-15T03:00:15Z\",\"dateModified\":\"2024-11-15T03:00:15Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/bitcoin_1331e1.jpg?fit=1920%2C1277","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/653119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/619"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=653119"}],"version-history":[{"count":5,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/653119\/revisions"}],"predecessor-version":[{"id":653141,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/653119\/revisions\/653141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/653124"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=653119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=653119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=653119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}