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profit taking
Profit taking refers to the act of selling an investment, such as stocks or other financial assets, in order to realize or secure the gains that have accumulated from an increase in the asset’s price. It often occurs after a period of price appreciation, when investors decide to lock in profits rather than risk potential future losses if the market turns downward.
QCP Capital: Bitcoin Faces Pressure as Long-Term Holders Take Profits
Singapore-based trading firm QCP Capital has released a new report pointing to profit-taking by long-term Bitcoin holders as the main driver behind the cryptocurrency’s recent decline. Despite strong fundamentals, BTC’s...
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