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Bitcoin on-chain profits hit a new low, price support faces testing
【Crypto World】According to on-chain data, Bitcoin’s annual net realized profit has dropped to 2.5 million coins, the lowest level since March 2024. Interestingly, the same indicator showed a similar trend in March 2022—just as the last bear market was beginning. Not only did net realized profit decline, but net realized loss also followed the same pattern. What does this reflect? It indicates that the support for Bitcoin’s price is weakening. In other words, the market bottom may not have truly been established yet.