Short-term holders have already been trapped.

Among those who bought recently, more than half are currently in a state of loss.
This is a common scene in a bear market.

As long as this situation does not change, market demand usually struggles to truly recover.
We need to wait until this ratio returns to above 50% for the situation to possibly start improving.

Keep a close eye on this position.
It is the dividing line between the market's pain and recovery.