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BTC in loss reaches historic lows
This is a great indicator to visualize the cyclical trend of the Bitcoin price. During a bull market, most of the circulating BTC supply remains with unrealized profits and minimized losses. During a bear market, most of the circulating supply suffers unrealized losses. Thus, it is possible to capture Top or Bottom regions in the price, since the market behavior during these events repeats itself forming a pattern. Therefore, as this indicator remains in the extreme region of the distribution, the risk of price corrections increases exponentially.