According to the Expert Analyst, There Is Only One Condition for a Major Rally in Bitcoin

In the cryptocurrency market, the main reason for the current selling pressure on Bitcoin is said to be profit-taking. According to analysts, if prices rise further, selling pressure from investors who are at a loss may come into play.

CryptoQuant analyst Axel Adler, in his latest analysis, evaluated the profit and loss data transferred by short-term Bitcoin investors to exchanges. According to the analyst’s chart, approximately 35,400 BTC were sent from profitable positions to centralized exchanges (CEX) in the last 24 hours. This figure is the highest recorded in almost two months. In contrast, the outflow of Bitcoin from losing positions was quite limited, at only about 4,600 BTC. Thus, the profit/loss outflow ratio reached approximately 7.5:1. The data shows that profit-taking, rather than panic selling, is clearly dominant in the market.

Axel Adler stated that this pattern makes sense in terms of market dynamics. According to the analyst, investors who bought in the $85,000–$92,000 range are choosing to realize their profits as the price approaches their cost levels. This reveals that the source of selling pressure in the market is not panic selling from losing positions, but rather controlled profit-taking from profitable positions.

The analysis also stated that the bearish scenario could only gain strength if the profit/loss ratio reversed, meaning that selling due to losses became dominant. However, Adler emphasized that such a reversal is not certain at this stage.

The analyst noted that the charts generally presented a consistent picture, stating that profit-taking accelerated in this region where losses in Bitcoin had been minimized, and that prices encountered high supply pressure from profitable positions as they tested cost reference areas.

*This is not investment advice.