Glassnode: Market Profit Taking is Cooling Off, But Has Not Yet Entered Panic Selling Territory

BlockBeats News, February 18th, Glassnode posted on social media stating, “BTC’s Realized Cap HODL Waves & MVRV Ratio (30d MA) has fallen significantly, digesting most of the previous profits taken. However, the metric remains above historical ‘Capitulation’ levels. This indicates that profit-taking behavior in the market is cooling off but has not yet entered a widespread surrender sell-off phase.”