Bitcoin's realized profit and loss ratio has dropped to a 43-month low of -0.35, a level last seen during the FTX collapse, potentially signaling a bottom for the cryptocurrency. This indicator, spotted by Cryptoquant, suggests that a significant number of investors are now at a loss, which historically has marked turning points in Bitcoin's price cycle. Meanwhile, Michael Saylor's Strategy has turned into a net seller, adding to the market's selling pressure.

BTC2.63%
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