PANews reported on February 4th that, according to Glassnode, Bitcoin's realized profit/loss ratio (90-day simple moving average) continues to decline (currently around 1.5), gradually approaching 1, reflecting increasingly depleted market liquidity. Historically, if this indicator consistently falls below 1, it is usually accompanied by widespread capitulation selling—meaning that realized losses across the market exceed profit-taking.
Glassnode: Bitcoin's realized profit/loss ratio has dropped to around 1.5; a drop below 1 could trigger a capitulation sell-off.
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Author: PA一线
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