Bitcoin Profit Taking Speeds Up Post Golden Cross, Hourly BTC Cashouts Top $500M, Blockchain Data Show

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Bitcoin Profit Taking Speeds Up Post Golden Cross, Hourly BTC Cashouts Top $500M, Blockchain Data Show

coindesk.com/markets/2025/06/04/bitcoin-profit-taking-speeds-up-post-golden-cross-hourly-btc-cashouts-top-usd500m-blockchain-data-show

Bitcoin BTC holders have increased their profit-taking activity since the cryptocurrency's price averages flashed a key bullish signal two weeks ago.
BTC's 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross – a technical indicator…

This story appeared on coindesk.com, 2025-06-04 03:12:16.