caueconomy
Historically in bear bottoms the % of supply in loss exceeds in profit ๐ฅ
Each end of the downward cycle, guided by a macro capitulation, caused the majority of the network (50%+1) to be at a loss relative to its average base cost. We are currently at the highest loss value since April 2020, at approximately 38%, but we have not yet reached the majority of the network, which remains in profit. This is not a prophecy that we will need to go up to the level, just a statistical observation of what happened on all previous floors. Majority of the network in loss = downsizing of selling pressure and market reversal.๐ก Green Line = Supply in profit % Red Line = Supply in loss &