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Bitcoin profit metric eyes 2-year lows in 'complete reset:' BTC analysis

BTC price downside leads a classic Bitcoin profitability metric back to early 2024 levels.

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thefinancialanalyst.net

Bitcoin Bears Dominate as Market Faces $1.7B in Losses

The Bitcoin market is currently experiencing a wave of sell-side pressure, with bears seemingly in control of the price action. This trend is underscored by recent on-chain data, which suggests that the market is in a phase of capitulation, driven by panic-induced sales. According to a post on the CryptoQuant platform by analyst GugaOnChain, the Bitcoin Realized Profit and Loss metric indicates… Source

4 months ago

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