🚹 $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 📉

BTC
BTCUSDT
67,468.9
-0.76%