glassnode: Bitcoin's realized profit and loss ratio continues to decline, reflecting tightening liquidity conditions

Odaily Planet Daily reports that, according to Glassnode, the Bitcoin realized profit and loss ratio (90-day simple moving average) has been on a continuous downward trend (currently around 1.5), gradually approaching 1, reflecting increasingly depleted market liquidity conditions. Historical data shows that if this indicator continues to fall below 1, it is usually accompanied by large-scale market capitulation, meaning the entire market has realized losses exceeding profit-taking.

BTC1,29%
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