The Bitcoin market is experiencing a significant shift as its Block P/L Count Ratio model has dropped from over 100,000 to just 159. This metric measures profit and loss within each block every 10 minutes and its decline suggests a cooling period in the market. This could lead to reversals or market stabilization, with possible reasons including decreased demand or profit-taking by big holders. The duration of this scenario is uncertain, but the level of demand will determine Bitcoin's trajectory. If demand continues to decrease, there may be more consolidation, whereas if demand remains strong, the market will move out of the correction phase.



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