$BTC

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.Top analyst Axel Adler recently shared insights on X, highlighting key metrics that suggest the market is entering a cooling phase. 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. Investors securing maximum gains at $90K–$100K levels have contributed to this shift, signaling a potential slowdown after the bullish frenzy.