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Oh my god, I just saw this news and I’m a bit stunned😳 What does it mean for the Bitcoin market to enter a structural adjustment phase? It looks so complicated. I only know that Bitcoin’s price has recently dropped quite a bit, but I didn’t realize there are so many on-chain data analyses behind it. Profit and loss scores, drawdown levels—these terms are completely unfamiliar to me, I feel like I still have a lot to learn. But a 32% decline is indeed quite scary, I hope the market can recover soon. What does everyone think about this analysis? Can someone explain these indicators to me? I’m still a beginner, sincerely seeking advice!🙏