Realized losses continue to dominate : could this be the trigger for the next move ?

Realized-losses-continue-to-dominate-could-this-be-the-trigger-for-the-next-move

The Bitcoin P/L Ratio (7DMA) has once again fallen below the key level of 1, indicating that the majority of investors are currently realizing losses.

This level does not yet signal a full-blown capitulation, but rather a phase of doubt or potential accumulation.

So far, the structure is reminiscent of what we observed in 2024. 
However, that doesn't necessarily mean the outcome will be the same this time.

-We can also observe that whenever the ratio reached the +4 STDV deviation from the 365DMA, a local market top consistently formed, followed by a short-term correction during bull phase.

Let’s see how far the current move takes us, but given the high level of uncertainty prevailing in the markets, there is a better chance that a capitulation phase may unfold, potentially driving realized losses even higher.