📊 #BTC: The ratio of profits and losses of Bitcoin UTXO blocks has fallen into a zone that historically appeared during bottoming out processes. However, for a stronger signal of bottoming out, the 365-day moving average should fall even further.


Current indicators suggest a significant purge, but historically, the market may need a greater decline before the bearish phase fully exhausts itself.

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BTC-1.14%
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TransparentDomeCity
· 5h ago
History does not simply repeat itself, but the UTXO profit-loss ratio is indeed worth referencing.
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0xSideQuest
· 5h ago
The 365-day moving average hasn't arrived yet; it's likely still going to oscillate and accumulate. Be patient and wait.
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IdleFishDaoMember
· 5h ago
This indicator looks familiar; a similar signal appeared at the end of 2022, and it ended up dragging on for another three months.
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DancingOnTheEdgeOfLiquidation
· 5h ago
Bottom signals are in place, but the true bottom often arrives later than the indicators.
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