Bitcoin Bull Market Persists Despite Short-Term Profit-Taking Pressure

Bitcoin has entered a new bull market phase, with the Bitcoin Bull Score Index reaching 90/100, according to CryptoQuant. However, short-term traders are seeing unrealized profits hit 33%, a 21-month high, leading to increased profit-taking. On September 22, approximately 25,700 BTC were sold for profit, the largest single-day realization this year. While the long-term bull structure remains intact, short-term momentum is cooling as spot demand contracts and speculative futures interest declines. Bitcoin is currently trading around $83,500, with $80,000 identified as a key support level. Additionally, increased exchange inflows for altcoins suggest rising short-term supply pressure across the broader crypto market.