This chart displays the average unrealized profit and loss, along with the average daily Bitcoin (BTC) price for the same period. Interestingly, when the average unrealized profit/loss ratio entered the 0.5 range, a significant rise in Bitcoin's price could be observed, whereas when it exceeded "1," it appeared to signal Bitcoin's bottom. Currently, this ratio is approaching 0.6, and considering that it has sharply dropped after exceeding "1" last year, it is evident that Bitcoin has already hit its bottom and the upward trend has already begun.
Written by Woominkyu
