Crypto Mommy
Paper Hands Flushed Out. Support Rebuilt At 80-85K Level
I still find this incredible 𤨠This chart shows the Net Realized Profit/Loss (7D MA). The recent "crash" (four consecutive weeks of decline since late Oct) triggered the largest negative value (net loss) since the FTX collapse. On top of that, the volume of profit-taking in this bull run has been absolutely massive! Yet, aside from that recent dip into the negatives, weâve already flipped back above zero. What does this mean? It means the market's ability to absorb selling pressure is black-hole level! Historically, after seeing profit-taking on this scale (blue arrow peaks) combined with FTX-level panic selling (the red arrow on the far right), the market usually takes monthsâor even half a yearâto heal. But this time? We saw a rapid recovery. This suggests that the "paper hands" (floating supply) have been completely flushed out. đ§ťđâĄď¸đ If market conditions don't deteriorate, we should be able to hold the current $80K-$85K level. đ¤