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CryptoQuant analyst Darkfost said in a report from Coin World that Bitcoin’s unrealized profit ratio has fallen to 65.8%, below the 81% historical average, while the unrealized loss ratio is about 34.2%. The current market is supported by profitable positions, but the profit ratio continues to decline. Darkfost said that in past bear markets, the market always reaches a stage where unrealized losses exceed the share of unrealized profits, and it is still unclear whether this cycle will be an exception.