Bitcoin’s realized profit and loss ratio has fallen to a level not seen since FTX collapsed in late 2022 but may signal that the market bottom is in or near, CryptoQuant said.

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