Crypto Dan
Crypto Market Has Nearly Completed Its Shift Into an Uptrend Cycle
Tracking the change in supply in loss versus supply in profit is a useful way to gauge the market's broader trend. At the bottom of every downtrend cycle so far, the loss ratio and the profit ratio have kissed, and as the market shifted into an uptrend cycle, the two lines moved apart again. This time is no different. One difference is that in past bottoms Bitcoin fell below its Realized Price, whereas this time the drawdown ended at a relatively shallow level. Still, given the overall picture, it is reasonable to view the market as currently in the process of turning into an uptrend cycle.