Bitcoin achieves net profit of 208 million, reaching a new monthly high

Bitcoin recorded a net profit of $208 million on Sunday, marking the highest level in a month. After Bitcoin broke through the $80,000 threshold for the first time, on-chain data showed a large amount of profit-taking, but the market still absorbed about $200 million in selling pressure and the price continued to rise. Analysis points out that such profit-taking usually occurs during periods of price strength, and Bitcoin sold by older holders at $80,000 was acquired by new buyers, causing the market's average cost price to rise. (Santiment)