BTC yet to see significant profit-taking despite its recent correction: Swissblock

Bitcoin (BTC) has dropped to $104,700 in the wake of encountering strong resistance at $109,000, but significant profit-taking has yet to be observed, according to crypto data analytics firm Swissblock on X. Overall, the sell-off is under control, without panic or large-scale selling, Swissblock stated, adding that the lack of selling pressure hints at reduced downside risks. "Prepare for more bullish consolidation," Swissblock highlighted.