Bitcoin’s Profit-Taking Slows as Hesitation Drives P/L Ratio Under 1

Recent data reveals Bitcoin’s realized profit and loss (P/L) ratio has dipped below the 1.0 mark, signaling a shift from bullish to cautious sentiment in the market. Despite holding above $60,000, this decrease coincides with weakening profit-taking momentum since mid-2024, as evidenced by the P/L ratio failing to exceed +2 standard deviation (STDV). This dip highlights a transitional phase marked by uncertainty and potential for accumulation.