$BTC just flipped the script.



30D SMA of Net Realized PnL turned positive again at 0.003% of market cap — meaning traders are back to locking in profits instead of panic selling 📈🟢

What stands out even more:
• February’s low at -0.027% was extremely shallow compared to brutal 2022–2023 capitulation levels.
• Sellers got exhausted fast.
• The correction looked more like a reset than a full bear cycle.
• Momentum is quietly rebuilding under the surface.

This is exactly how strong markets recover — short pain, fast absorption, then continuation ⚡️

I'm watching closely because sentiment still feels underexposed while on-chain data keeps improving.

If momentum keeps stacking like this… the next expansion phase could arrive sooner than most expect 🚀

#GateSquareMayTradingShare
BTC-3.25%
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GateUser-26374bb4
· 4h ago
Sentiment underexposed is so accurate; many people around me haven't gotten on board yet.
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SDyahaya
· 8h ago
2026 GOGOGO 👊
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MossyLedger
· 9h ago
-0.027% is indeed shallow; the wave in 2022 was truly despairing. Now it's at most a deep breath.
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Stop-LossForBluePeony
· 9h ago
This fix was indeed faster than expected; on-chain data doesn't lie.
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