Bitcoin's realized P&L ratio hits a 43-month low as 47% of supply sits in profit, matching prior cycle bottoms. Bitwise and Swan Bitcoin analysts call it a

Ali Martinez says more than half of Bitcoin's circulating supply is now held at a loss,a rare on-chain signal that has historically appeared near major market bottoms. Meanwhile,…

Bitcoin's realized P&L ratio hits a 43-month low as 47% of supply sits in profit, matching prior cycle bottoms. Bitwise and Swan Bitcoin analysts call it a