Bitcoin is finally showing early signs of an internal reset. On-chain profitability has compressed into a zone that historically appears during the base-building process, when unrealized profits are replaced by realized losses and weaker holders are shaken out.



Bases are rarely formed by price alone. A base forms when excessive optimism has been fully reset and the market begins to rebuild from a healthier foundation.
BTC-1.62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned