Every cycle the market must reach a price level where 2/3 of participants are sitting on massive losses:
$BTC Supply: early whales, funds, DAOs, OTC/MM desks, miners, retail, nodes, exchange reserves (for liquidity or backing)...etc
A true bottom forms only when most of them are deeply underwater
Historically, this metric Supply in Loss (%) must reach 60% for market bottom
⏳Right now it's sitting at 44.7%, meaning BTC could go further downsize!

📌 BTC Realized Price ~ $55.5K right now
Realized Price is calculated as Realized Cap divided by the total coin supply.
It measures the average price weighted by the supply of what the entire market participants paid for their coins.
Below this level, ETF holders, Whales...start taking losses - and this is the most important group, controlling 20–25% of all coins

Historically, Bitcoin bottoms are 60-70% drawdowns from cycle highs
2011: -93%
2015: -86%
2018: -84%
2022: -77%
From the current ATH at $126K, that gives a zone around $40K-50K for BTC bottom this cycle!
This is the zone where everyone goes underwater: retail, miners, whales, inflows, funds - and a full/partial capitulation + market depression takes place

BTC 1-month timeframe chart
{future}(BTCUSDT)
{future}(ETHUSDT)
#btc #bitcoin #WhenWillBTCRebound #MarketPullback #eth