Bitcoin price bottom signal flashes, 43-month indicator hits low point.

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CoinWorld News: Bitcoin price bottom signal flashes as 43-month indicator hits a low, indicating that the market is experiencing widespread loss realization. As the Bitcoin market attempts to stabilize, on-chain loss indicators have reached their lowest level in nearly four years. Despite Bitcoin's sharp drop from its October high, buyers are cautiously returning. Institutional fund inflows are improving, and network cost basis data is approaching a historically sensitive range. CryptoQuant data shows that the realized profit and loss ratio has dropped to -0.35, marking a 43-month low, indicating that most coins transferred on the network are realizing losses. Historical comparisons show that similar situations occurred in 2015 and 2019, followed by market recoveries. Bitcoin has risen over 7% since hitting a nearly two-year low on June 25. Despite improved market sentiment, caution remains necessary as sustained ETF redemptions could weaken the bottom argument.
BTC-0.41%
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GateUser-1c5ab2b5
· 2h ago
I've been watching this CryptoQuant indicator for three years. Every time it's at a low, I call for a rebound. Win rate is about 50-50.
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Miner'sHelmetUnderTheMoonlight
· 2h ago
On-chain data is relatively optimistic, but the reality is that capital is still on the sidelines; a bottom signal ≠ a bottom price.
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FoldedCosmosCat
· 2h ago
The -0.35 ratio looks like the script from 2015, but there wasn't so much institutional selling pressure back then.
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CircuitDaydreamer
· 2h ago
A 43-month low is indeed rare, but the threat of ETF redemption remains, so I dare not go all-in.
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