📉 Unrealized losses in the system for the week surged above 6%, and this is already taking into account the filter on internal transactions between own wallets

⚠️ Without this filter, losses would have dragged nearly to 10%, indicating the real scale of pressure on the market

📊 Similar jumps were only seen in 2021 and 2022 — at that time, weekly losses reached 7.5% and 11% respectively

💣 The threshold for entering a bear market historically lies in the range of 10–15%, with each cycle gradually decreasing

📈 The current ~6.5% is the first such rate of loss increase in this cycle since the ATH overlap in February 2024, so the signal is quite loud

🐻 The longer the market stands still, the worse it is for the bulls: investors who entered higher feel pressure and increasing fear, which will force some of them to realize losses

🟣🟢🟠

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