😬 The massive capitulation of BTC is near
Glassnode warns about the risks of a massive capitulation of BTC
The Realized Profit/Loss Ratio indicator has fallen to ~1.5 and is approaching the critical level of 1.
📉 Historically, surpassing this level triggers a large-scale capitulation: investors record losses en masse instead of gains, the market loses liquidity, and this can lead to a severe drop in BTC.
We may already be in that process, but bitcoin is currently holding at $75,000 😓
BTC
66,064.13
-1.81%