While everyone was waiting for the new peak, deep data (On-Chain Data) from CryptoQuant began to reveal a bitter truth: investors have started to give up, and the red has begun to dominate the profit and loss books for the first time in two years.
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๐ The numbers don't lie: Analyzing the current bleed
The latest data shows a fundamental shift in market behavior, and here are the reasons why professionals are on high alert:
โEscaping with a loss: Since last December, realized losses of nearly 69,000 Bitcoin have been recorded, totaling nearly $6.1 billion. This means investors are selling at a loss out of fear of worse.
โProfit fading: After profits peaked in January 2024, they began recording lower highs throughout 2025, and have now slipped into the "negative zone" for the first time since October 2023.
โNet profits: decreased to 2.5 million Bitcoin, which exactly matches the levels of March 2022.. Remember what happened after that date! ๐๐ฅ
โ๐ Why is this pattern dangerous? (Dรฉjร vu 2021-2022)
โWe are currently witnessing a "geometric match" with the market movement that preceded the major crash in 2022:
โGradual transition from excessive rise to recording consecutive losses.
โLoss of confidence in the current "bottom", leading to forced selling (Panic Sell).
โErosion of liquidity that supported prices at the peaks.
โ๐ก Vision @tokey: How to act now?
โThe market does not move by emotions, but by numbers. If you are one of our followers, you need to be cautious:
โAvoid stubbornness: Do not resist the trend if negativity is confirmed.
โWatch the "net realized profit": A return of this indicator to positive territory is the only signal that danger has ended.
โCash is king: In the transition stages toward a "bear market", maintaining liquidity is more important than chasing trades.
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โ๐ก Summary:
โHistory may not repeat itself literally, but it "resembles" it a lot. We are now facing a clear bear market signal that hasn't occurred in years. Is it just a temporary "jolt" or the beginning of a long winter? The coming days will decide.



โ#ุจูุชูููู #ุงูุจูุฑ_ู ุงุฑูุช #CryptoQuant #ุงูุนู ูุงุช_ุงูุฑูู ูุฉ #ูุฑูุจุชู


