The UTXO Profit-Loss Ratio has touched the historical bottom range, but the 365-day moving average hasn't arrived yet. Wait and see if there are cheaper chips to pick up.

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CryptoRevolutionMaster
📊 #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.

$BTC
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