Foresight News reports that glassnode published an article stating that the Bitcoin Realized Profit/Loss Ratio, which measures the relative proportion of the market's loss supply, reflects the market's pressure level. The current reading of this indicator is 0.23, which is the highest value since September.
Glassnode: Bitcoin's profit pressure ratio is 0.23, the highest since September last year
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4.09%
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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