šŸ˜¬ The massive capitulation of BTC is near

Glassnode warns about the risks of a massive capitulation of BTC

The Realized Profit/Loss Ratio indicator has fallen to ~1.5 and is approaching the critical level of 1.

šŸ“‰ Historically, surpassing this level triggers a large-scale capitulation: investors record losses en masse instead of gains, the market loses liquidity, and this can lead to a severe drop in BTC.

We may already be in that process, but bitcoin is currently holding at $75,000 šŸ˜“

$BTC

BTC
BTC
66,329.45
-1.61%