14D SMA of total #RealizedLoss at $479M per day, roughly 140% above the $200M baseline seen during stable cycle periods 📉🔴. Investors are rushing to exit at narrower loss margins as price recovers 💪. Sustained compression back below $200M per day would confirm selling exhaustion and a genuine demand regime shift. Until then, dual pressure from #LTH profit taking and top-buyer distribution likely to cap the current rally ⚡️🎯👀


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