🚨 $BTC BEAR MARKET ANALYSIS: THE SHOCKING TRUTH FROM GLASSNODE 🚨

This chart shows relative unrealized loss on the $BTC chain. High orange area means panic selling potential. Low orange area means euphoria.

• Currently, the orange area is still small post-ATH.

• Most holders are still sitting on massive profits.

• True capitulation/bear bottom conditions are NOT yet met.

• Downward momentum will come from profit-taking, not panic cuts.

The road to the true bear bottom is likely not finished. Stay vigilant.

#BTC #CryptoAnalysis #Glassnode #OnChain #BearMarket 📉

BTCUSDT

Perp

65,655.9

-2.83%