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Profit-Taking At $90K–$100K Cools Bitcoin As Block P/L Count Ratio Drops Sharply – Details

Bitcoinist LogoBitcoinist2d ago

Profit-Taking At $90K–$100K Cools Bitcoin As Block P/L Count Ratio Drops Sharply – Details - Bitcoinist

Quick Summary:

Bitcoin has faced significant selling pressure above the $100K mark, leaving the market leader struggling to regain momentum.

After a stellar rally, BTC is now testing its ability to push past critical resistance, as traders and investors remain cautious about its short-term trajectory.

According to Adler, the Block P/L Count Ratio model—an indicator that tracks Profit and Loss within each block on the BTC network—shows a gradual decline in activity as profits are realized.


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Profit-Taking At $90K–$100K Cools Bitcoin As Block P/L Count Ratio Drops Sharply – Details - Bitcoinist (Picture 1)Profit-Taking At $90K–$100K Cools Bitcoin As Block P/L Count Ratio Drops Sharply – Details - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-05 @ 15:30:21 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 593 words

Reading Time: 4 minutes read

Sentences: 53 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24906106

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Profit-Taking At $90K–$100K Cools Bitcoin As Block P/L Count Ratio Drops Sharply – Details" has 593 words across 53 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Profit-Taking At $90K–$100K Cools Bitcoin As Block P/L Count Ratio Drops Sharply – Details" was covered 2 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 11 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #24906106
  • URL: https://beamstart.com/news/profit-taking-at-90k100k-cools-17360943215589

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