Crazzyblockk
BTC : Price growth or another capitulation phase?
One of the valuable data to determine holders' behavior considering the price cycle is unrealized profit/loss. After two heavy capitulation phases in the BTC market, the price is testing level 0 of this metric, and maintaining this level is more valuable than ever. According to this metric, a value over '0' indicates investors are in the profit. A value below 0 shows most investors are at a loss. If the bitcoin price can maintain this level and the profitability of bitcoins in holders' pockets begin to rise, the recovery phase will happen.in this case, the bitcoin price could rise again. If the net unrealized Profit/Loss metric, based on the holders' real value, decreases continuously, there will be a possibility of a third capitulation phase or another heavy pain in the market.