Market analyst 'COINDREAM' has noted on the CryptoQuant platform that the loss ratio of Bitcoin UTXOs has re-entered the 27-30% range, resembling the downward trend observed in May 2022. According to Odaily, this indicator suggests that a significant number of market participants have shifted from profit to unrealized loss. The analysis highlights that this range is not merely a bearish signal but a crucial decision point under market pressure. If the ratio surpasses 30% and remains there, it could trigger further declines; however, if it stalls and retreats within the 27-30% range, it may indicate that selling pressure has been exhausted, potentially leading to a trend recovery. The current phase is seen as a test of the market's absorbed panic level rather than the onset of panic.

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