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Bitcoin Hits Three-Month High, But May Be a Bear Market Bounce, Says CryptoQuant

2026/05/08 11:02 (Updated 2026/05/08 13:00)
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Written by A.Yamada
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Bitcoin Hits Three-Month High, But May Be a Bear Market Bounce, Says CryptoQuant

Analysis of Increased Profit-Taking Selling

Analysis of Increased Profit-Taking Selling

Crypto asset analysis firm CryptoQuant released its weekly market report on May 7th, noting that Bitcoin (BTC) has reached a high not seen in about three months. However, the firm suggests that there could be an acceleration in profit-taking selling moving forward.

CryptoQuant attributes the approximately 37% rise in Bitcoin prices since early April to previous undervaluation and macroeconomic pressures...

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MAGAZINE

Iolite Vol.19

May 2026 issueReleased on 2026/03/30
Interview Iolite FACE vol.19 Yuichiro Tamaki, Leader of the Democratic Party for the People PHOTO & INTERVIEW by Hasen Kuniyama Special Features: “Web3.0 The Impact Award 2026” “Global Money Loses Its Master” “The Current State of Robotics Technology” [Dialogue Series] The NISHI Talk: Crypto Conversations “The Changing Crypto Landscape, and the Unchanging Strategies of Traders” Kasou NISHI × European] Series: Tech and Future by Toshinao Sasaki, and more