The $BTC Metric I Think Gets Interesting After a Big Sell-Off After a major $BTC correction, I like looking at realized losses rather than immediately trying to guess whether we've found the bottom. Price tells you how far Bitcoin fell; on-chain cost-basis data can give you some idea of whether holders actually capitulated during the move. There's an important difference between Bitcoin falling 15% while most holders sit tight and the same decline accompanied by large amounts of BTC being moved and sold below acquisition cost. The second scenario suggests that the price move has forced some investors to abandon positions rather than simply watch an unrealized loss on a screen. That still doesn't make realized losses a magical bottom indicator. Capitulation can continue for much longer than anyone expects. But when I'm trying to understand whether a correction actually changed investor behaviour, I find it much more useful than another RSI screenshot. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#