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
Bitcoin Options Signal Fear Amid Subdued BTC ETF Outflows
Bitcoin traded in a narrow range near $70,000 on Friday after a stumble to reclaim the $75,000 level earlier in the week. The back-to-back sessions of net outflows from U.S.-listed spot Bitcoin ETFs cooled a recent run of inflows, prompting traders to reassess whether institutions are turning more c
CryptoBreaking2m ago
BTC Drops 0.58% in 15 Minutes: Tight Liquidity and Institutional Hedging Create Downward Pressure
2026-03-22 21:00 to 21:15 (UTC), BTC recorded a -0.58% return within just 15 minutes, with prices fluctuating in the range of 67562.1 to 68223.5 USDT, with an amplitude of 0.97%. During this period, market sentiment was highly tense, overall attention increased, and short-term volatility accelerated noticeably.
The main driving force behind this anomaly was the resonance formed by spot market liquidity shortage and medium-sized funds accelerating their exit. On-chain data shows a significant net outflow of -371.99 BTC in the $100k-$1M transaction range, driving selling
GateNews25m ago
BTC drops below 68,000 USDT
Gate News bot message: Gate market data shows BTC falling below 68,000 USDT, current price 67,937.9 USDT.
CryptoRadar37m ago
Bitcoin Has Stabilized, But Investors Are Paying Up for Downside Protection: VanEck
Bitcoin's volatility has decreased to around $70,000, but traders are still heavily investing in downside protection. Although premiums for puts have dropped, they remain high historically, suggesting caution among investors. This defensiveness may signal an impending price bottom, as similar market conditions in the past have led to recoveries.
Decrypt41m ago
