CryptoQuant: Bitcoin's realized profit and loss shows a market shift to loss confirmation, possibly confirming a market bear trend

CryptoQuant indicates that the realized profit of Bitcoin has dropped to 2.5 million BTC, the lowest level since 2024, similar to the level at the start of the last bear market in 2022. Additionally, since 2023, Bitcoin holders have experienced a net loss for the first time, with a cumulative loss of 69,000 BTC since December. This marks a shift in market dynamics from profit-taking to loss confirmation over the past 30 days.