CryptoQuant analyst: Bitcoin's profit taking surge after rising to $123000 may indicate a healthy correction

According to BlockBeats, on July 14th, CryptoQuant analyst Tarek J posted on social media that based on net traffic data from Bitcoin exchanges, there has been a surge in profit taking after Bitcoin reached a high of $123000. This trend usually indicates the formation of a local top and may trigger a healthy correction or consolidation in the coming days.