According to CryptoQuant, Bitcoin closed above the 365-day moving average last week, with the Bull Score Index rising to 90/100, indicating a clear bull market structure. However, the on-chain unrealized profit ratio for short-term traders has climbed to 33%, the highest level since December 2024, signaling increasing profit-taking pressure. On September 22, BTC holders realized a single-day profit of 25,700 BTC, marking a new high since 2026. Meanwhile, apparent spot demand has shrunk by approximately 170,000 BTC over the past 30 days, and futures demand has dropped from 164,000 BTC on September 14 to 16,000 BTC on September 29. CryptoQuant believes that without new demand, short-term upside potential will be limited, and a pullback to around $80,000 can still be considered a healthy consolidation within the bull market. (The Block) https://www.(wublock123.com)/news/cryptoquant-bitcoin-bull-score-90-profit-taking-pressure-69248