Analyst: BTC may be approaching a phased top, potential profit-taking pressure is rising

Market analyst Ali stated on the X platform on May 17 that Bitcoin has shown signs of "overheating." Data indicates that traders' average realized profit margin has risen to 17%, meaning a large number of investors are in significant profit, and potential profit-taking pressure is increasing. The last time a similar situation occurred was in March 2022, when Bitcoin's average profit margin also reached 17% while testing the 200-day moving average resistance. Subsequently, the market formed a phase-top and re-entered a downtrend. This historical signal has reappeared, warranting high market vigilance.