🔥Crypto crash going to an End soon🚀🚀
According to recent data from Glassnode, around 11 million Bitcoins are currently in profit, meaning their purchase price is lower than the current market price. Meanwhile, approximately 8.9 million Bitcoins are in a loss position. Data from ChainCatcher shows that the gap between these two figures is gradually narrowing, bringing the ratio of profitable and loss-making supply close to a historically significant level. This metric evaluates how many holders are currently in profit and how many are in loss.
Historically, it has been observed that when the supply in profit and loss moves closer together, it often signals a potential market bottom. This situation is generally considered a sign of market exhaustion and a possible long-term investment opportunity. If this convergence continues, it could indicate that the market is entering a traditional cycle bottom phase.
However, this indicator should not be taken as a final or decisive signal. It is more appropriate to analyze it alongside overall liquidity conditions, the structure of derivatives markets, and general market sentiment to get a clearer picture of the upcoming trend.$BTC
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