Glassnode: Bitcoin maintains an excessive loss realization state, market liquidity awaits return
The crypto analytics firm Glassnode posted on the X platform that Bitcoin's 90-day realized profit-loss ratio (90D-SMA) has been below 1 since February 21, maintaining a state of excessive realized losses. Historically, when it falls below 1, it usually takes more than 6 months to recover. Once a rebound occurs, market liquidity will return.
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