P&L ratio hitting a 43-month low isn't capitulation — it's exhaustion. 👀

Sellers are running dry at these levels while long-term holders refuse to fold. The supply overhang everyone feared has been absorbed quietly over the last quarter.

Long $BTC — swing position
TP: $72,000
SL: $56,500

Because on-chain pain metrics peak before price bottoms, and smart money accumulates when retail checks out. 🚨

#BTC #crypto #cryptotrading