CW8900
The loss ratio of on-chain Bitcoin traders is decreasing.
The $BTC On-chain Trader Profit/Loss Margin has reached -11%. It has returned to within the -12% range. Based on this indicator, it shows that $BTC is currently in a neutral state. The loss ratio of on-chain traders is decreasing. This implies that there was active trading during the downtrend, and their realized price has decreased. A reduction in traders' loss ratios has a positive effect on investor sentiment. $BTC has shifted back from a bearish state to a neutral state. The most important thing is for $BTC to surpass the realized price of on-chain traders. From that point on, the rise will begin in earnest.