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
BlockDAG News Today: DeepSnitch AI Leads the 500x Presale Race, Beating BDAG As BlackRock’s IBIT Pulls $322M BTC ETF in a Single Day
The single biggest BlockDAG news signal traders need to read right now just came straight from the Bitcoin ETF market. BlackRock’s IBIT pulled in $322.4 million in a single trading day, pushing total US spot Bitcoin ETF inflows to $225.2 million net for the session after offsetting
CaptainAltcoin28m ago
Lombard and Humanity Protocol Lead Crypto Gains As Bitcoin Liquid Staking Explodes
The current technical development of the crypto market is marked by a major shift in the way cryptocurrencies are viewed and operated. This is evident in the top gainer lists, which increasingly show how protocols can be used for deep technological utilization rather than purely as speculative
BlockChainReporter45m ago
Data: 210 BTC transferred from an anonymous address, routed through an intermediary, then flowed into Cumberland DRW
ChainCatcher reports that, according to Arkham data, at 03:56, 210 BTC (worth approximately $14.92 million) was transferred from an anonymous address (starting with 168Bve...) to Cumberland DRW. Subsequently, Cumberland DRW transferred some of the BTC (57.42
GateNews45m ago
Data: In the past 24 hours, the entire network has liquidated $274 million, with long positions liquidated at $189 million and short positions at $85.9469 million.
ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $274 million, with long positions liquidated at $189 million and short positions at $85.9469 million. Among these, Bitcoin long positions were liquidated at $72.5955 million, Bitcoin short positions at $31.1138 million, Ethereum long positions at $38.5414 million, and Ethereum short positions at $24.8499 million.
GateNews49m ago
Data: 838.89 BTC transferred from an anonymous address, routed through a relay, and flowed into Wintermute
ChainCatcher reports that, according to Arkham data, at 02:51, 838.89 BTC (worth approximately $50.26 million) was transferred from an anonymous address (starting with bc1qzudnxd...) to another anonymous address (starting with bc1qsxjg55...). Subsequently, this address transferred some BTC (130 coins) to Wintermute.
GateNews1h ago
