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List of Flash News about Profit Taker RSI

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Bitcoin Profit Taker RSI Hits 82: Glassnode Data Signals Mounting Sell Pressure as BTC Climbs

According to glassnode, their proprietary Supply Mapping data reveals a significant increase in Bitcoin Profit Taker activity over the past two days, with the Profit Taker RSI (7D) surging to 82. This sharp rise indicates that more traders are realizing profits, resulting in heightened sell-side pressure as BTC continues to climb. For traders, this trend suggests a potential increase in short-term volatility and a possible local top, making it critical to monitor profit-taking indicators and on-chain data for timely entry and exit points. (Source: glassnode via Twitter, April 30, 2025)

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