Data: Glassnode: Bitcoin remains in a state of excess realized loss, market liquidity awaits return
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ChainCatcher reports that the crypto analytics firm Glassnode stated that Bitcoin's 90-day realized profit and loss ratio (90D-SMA) has remained below 1 since February 21, indicating a sustained state of excess realized losses. Historically, once this ratio falls below 1, it usually takes more than 6 months to recover. When it rebounds, market liquidity is expected to return.
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