Analyst: The current market's Bitcoin selling pressure is primarily driven by profit-taking, and the price will continue to face selling pressure from loss-making positions as it rises

According to Crypto Quant analyst Axel, the data shows that approximately 35,400 bitcoins in profit have flowed into CEX in the past 24 hours, the highest figure in nearly two months. In contrast, the outflow of loss-making coins is very low, at only about 4,600 coins. The profit/loss outflow ratio is approximately 7.5:1. Profit-taking behavior clearly dominates, with very little panic selling.

Axel explains that the occurrence of high profit-taking in the context of a very low loss rate is a logical market behavior. Investors who bought in the $85,000–$92,000 range are taking the opportunity to lock in profits as prices approach their cost basis. This flow structure indicates that profit-taking behavior is driving market selling pressure, which is fundamentally different from the panic selling of loss positions. If the profit/loss ratio reverses (i.e., loss-driven selling begins to dominate), the bearish scenario will intensify, although this is not a given condition. Various charts depict a coherent picture, with the loss rate having narrowed to its lowest level, and it is precisely in this range that profit-taking behavior becomes active. Prices are testing the cost benchmark area while facing high supply pressure from profit positions.