Profit Taking

Bitcoin’s market momentum is flashing a mixed signal: a widely watched bull gauge has climbed to 90 out of 100, yet the buying pressure behind the move is fading. Spot demand has contracted by roughly 170,000 BTC over the past 30 days, while futures demand growth has dropped sharply in a sign that near-term upside may be harder to sustain.

Bitcoin’s long-term holders, often called OG investors, have sharply reduced selling activity to the lowest level in nearly two years. The slowdown in profit-taking may be easing a key source of pressure on the market.

XRP briefly cleared a long-held $1.20 ceiling and climbed toward $1.25 before profit-taking trimmed the advance. Traders now want to see whether support holds near $1.20 and whether the token can build momentum toward $1.30.