The truth behind the 7.5:1 Bitcoin selling pressure: profit-taking dominates, upward movement still needs to break through

Currently, the selling pressure in the Bitcoin market may seem fierce, but on-chain data reveals an interesting truth: the main sellers are not panicked retail investors, but savvy profit-takers. According to the latest analysis by Crypto Quant analyst Axel, approximately 35,400 profit-taking chips have flowed into exchanges in the past 24 hours, hitting a two-month high, while only 4,600 loss chips have flowed out, resulting in a profit/loss ratio of 7.5:1. Behind this number lies the true state of the current market.

Nature of the Selling Pressure: Profit-Taking, Not Panic

Why is this ratio so critical

When Bitcoin’s price hovers around $95,000, an interesting phenomenon occurs in the market:

What does this data indicate? The market’s selling pressure mainly comes from investors who bought in the $85,000–$92,000 range. They see the price approaching or even nearing their cost basis and rationally choose to lock in profits. This is not panic selling but typical profit-taking behavior.

Market rationality and pressure coexist

Axel points out that the occurrence of high profit-taking in a context of extremely low loss rates is a logical market behavior. This reflects several realities:

• Market participants are risk-aware; no widespread panic dumping
• Loss chips are minimal, indicating most holdings are in profit
• Investors are rationally balancing risk and reward

But what does this rationality imply? It means that upward potential is being pressured by “high-level supply” from profit positions. In other words, the higher the price climbs, the more people want to sell.

Key Risks Moving Forward

Implications of profit/loss ratio reversal

Axel emphasizes an important critical point: once the profit/loss ratio reverses—that is, loss-driven selling begins to dominate—the bearish scenario will intensify. Although he states this “is not an inevitable condition,” this turning point warrants close attention.

From a different perspective, the current market is like a balance scale:

• One side is rational profit-takers gradually selling off
• The other side is a very small number of panicked investors still holding on

As long as this balance remains, the market can continue to operate. But once loss chips start flowing out in large quantities, it indicates a fundamental shift in investor confidence.

Current Insights

Based on data, Bitcoin’s current price is $95,135.30, up 5.11% over the past 7 days and 9.61% over the past 30 days. Against this backdrop, on-chain data tells us:

• The market is not in panic, but is indeed facing profit pressure
• The price is testing the cost basis region; the performance in this zone will determine the subsequent direction
• The key is to watch when loss chips become active

Summary

The current selling pressure in the Bitcoin market is rational rather than panic-driven, which is both good and bad news. The good news is that the market has not fallen into extreme pessimism; the bad news is that the continuous outflow of profit chips will continue to constrain upward movement. The profit/loss ratio of 7.5:1 reflects the current market balance, but whether this balance can be maintained depends on whether the price can break through the cost basis region. If it does, new profit-takers will emerge; if not, loss chips may be activated, and market pressure will truly intensify. This critical point warrants ongoing attention.