BlockBeats News, January 17 — Crypto Quant analyst Axel posted an article stating that, according to the “Bitcoin Short-Term Holder 24-Hour Profit and Loss Transfer to CEX Total Chart” data, approximately 35,400 Bitcoin in profit flowed into CEXs in the past 24 hours, the highest in nearly two months. Meanwhile, the outflow of loss-making chips was very low, at only about 4,600. The profit/loss outflow ratio is approximately 7.5:1. Profit-taking behavior clearly dominates, with minimal panic selling.
Axel explained that the occurrence of high profit-taking in the context of extremely low loss rates is a logical market behavior. Investors who bought in the $85,000–$92,000 range are locking in profits by taking advantage of the price approaching the cost basis. This flow structure indicates that profit-taking behavior is the main source of market selling pressure, which is entirely different in nature from panic selling of loss positions. Once the profit/loss ratio reverses (i.e., loss-driven selling begins to dominate), bearish scenarios will intensify, but this is not an inevitable condition.
Various charts depict a coherent picture: the loss rate has narrowed to its lowest level, and it is precisely in this range that profit-taking activity becomes active. The price is testing the cost basis region while facing high supply pressure from profitable positions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Scaramucci's $1M Bitcoin Target: Trust System vs. Gold
Anthony Scaramucci of SkyBridge Capital argues for a $1 million Bitcoin price target, emphasizing its decentralized trust system and recent institutional interest. He links Bitcoin's valuation to its fixed supply and historical perspectives on money, while noting counterarguments from economists about its viability as money.
CryptoFrontier27m ago
Tensions around the Strait of Hormuz have been fluctuating, and Bitcoin falls below $74,000
The Strait of Hormuz blockade triggers a major shock in the crypto market: after Bitcoin first breaks above $78,000, it then falls back to $74,000, and the market remains in panic. This article provides an in-depth analysis of the transmission mechanism between geopolitical shocks and crypto market price action.
GateInstantTrends1h ago
Major CEX Launches Crypto-Backed Lending in UK, Supporting BTC, ETH, and cbETH for USDC Borrowing
A centralized exchange launched crypto-backed lending services in the UK, allowing instant USDC loans using BTC, ETH, and cbETH as collateral, powered by Morpho. Total loans issued surpassed $2.17 billion since the service's US debut in January 2025.
GateNews2h ago
Crypto Jack Warns Bitcoin May Drop to $48K Amid Geopolitical Tensions
Crypto trader Crypto Jack warns investors to sell Bitcoin, predicting a decline to $48,000 amidst US-Iran tensions and negative financial signals, before a potential recovery in May based on seasonal trends.
CryptoFrontier2h ago
French-listed Capital B Increases Bitcoin Holdings to 2,937 BTC
Gate News message, April 20 — French-listed company Capital B has increased its Bitcoin holdings by 12 BTC, bringing its total holdings to 2,937 BTC, according to an official announcement.
GateNews2h ago
Bitcoin’s fourth halving rally is slowing down, analysts say: BTC may have entered a “new normal”
Investment firm Galaxy analyst Alex Thorn noted that Bitcoin’s advance during this halving cycle has been lower than historical records, with volatility declining, and the market may be entering a new normal. Compared with the past three halvings, the fourth time’s price change is no longer significant. While the passage of U.S. spot ETFs has catalyzed the rally, the market’s ongoing conditions still need to be watched closely.
ChainNewsAbmedia2h ago
