Profit Taking Completed indicates a market phase where investors who acquired assets at lower prices have largely finished selling their holdings to secure gains. This action typically results in a period of downward price pressure as supply increases. Once this selling activity subsides, the market may stabilize or prepare for a new upward movement, assuming underlying demand remains. It suggests a cycle of distribution has concluded.
Context
Crypto news often reports on Profit Taking Completed after significant price rallies, as analysts assess whether the selling pressure from early investors has dissipated. Onchain data, such as the Spent Output Profit Ratio (SOPR), is frequently used to identify when a large portion of profitable coins have been moved. This phase is crucial for determining if an asset can sustain its value or if further price corrections are probable before renewed accumulation.
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