#Gate广场四月发帖挑战 Bitcoin rebounds to $71k, why are profit takers not rushing to close their positions? An analyst's one sentence enlightens the bears! Bitcoin rebounds to $71k, profit takers are not rushing to close their positions! Analyst: Short positions should not be overly stubborn Recently, Bitcoin's price has rebounded again to the $71k to $72k range, but on-chain data shows characteristics different from previous instances. According to on-chain analyst Murphy, during this rebound, the average realized profit over the past 24 hours was only about $18.79 million, far below the large-scale profit-taking seen in previous rebounds. Meanwhile, the average realized loss for short-term holders is also only about $6.06 million, which is at a very low level in recent times. These two sets of data send an important signal: market sentiment is gradually stabilizing. Compared to the extreme pessimism in February this year, investor sentiment has clearly improved. Against the backdrop of price rebounds, profit takers are no longer eager to realize gains, and loss holders are reluctant to cut losses easily. This "cherishing sales" psychology reflects the market's expectation of further higher rebound potential. Murphy specifically reminds short position investors: it is not advisable to be overly