The effect of supply in loss

The-effect-of-supply-in-loss

The chart provided shows that supply in loss is so effective in price corrections, especially in bear markets. 

Many suggest that we are out of the danger zone but the macroeconomics status is not yet reassuring and in addition to that, bitcoin investors pain is not yet met as in the previous bear cycles. 

which bring us to the chart here; where we are currently at the base of the trending line of the supply in loss. and the question here are we bouncing back to more pain? or we are going to move ahead to bull run state?