Bitcoin's daily realized profits have decreased by 42%, indicating reduced profit-taking and a shift towards market consolidation. The average realized profits on exchanges have dropped from $481 million per day to $277 million per day. This suggests that many traders are holding their positions, contributing to Bitcoin's stagnant price. Long-term holders have also been selling, adding to the consolidation. Despite this, industry experts, like Tom Lee, remain optimistic about Bitcoin's future trajectory and project that it will break through the $100,000 barrier and potentially reach $250,000 in the next 12 months.



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