🚨Price Stagnation and Intensified Decline!
⚡️Market Experiences Worst Challenge of This Cycle!
Price movement has stagnated over the past six months!
Investor sentiment is low!
However, downward pressure on the market has intensified over the past three months.
Experienced the worst decline of this cycle.
From a macro perspective, although the spot price is about 22% below the historical high,
the decline is not large compared to the historical bull market.
As downward price pressure increases, it is particularly wise to evaluate investors' unrealized losses.
To understand the financial pressure they are facing.
From a broader market perspective, unrealized losses are still at historical lows, accounting for only 2.9% of Bitcoin's market value.
This shows that despite the continued decline in prices, investors overall are still relatively profitable.
The ratio of total unrealized profits to total unrealized losses further supports this observation.
Profits are still 6 times the total losses.
For about 20% of trading days, the ratio is higher than the current value.
It highlights the amazing robustness of the financial situation of ordinary investors.
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