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realized
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P/L Supply Ratio Z-Score #bitcoin is moving away from the Capitulation Zone as price hits a new low
This indicator is the ratio of supply in profit to supply at loss, where positive/negative extremes coincide with periods when #BTC forms tops/bottoms
The indicator has reached a historic low but has not yet recovered above the Neutral Zone (0) since October 10, 2025.
Therefore, the indicator needs to move above the neutral zone to confirm bear market reversal.
#Realized #Onchain #CYCLE $BTC
This indicator is the ratio of supply in profit to supply at loss, where positive/negative extremes coincide with periods when #BTC forms tops/bottoms
The indicator has reached a historic low but has not yet recovered above the Neutral Zone (0) since October 10, 2025.
Therefore, the indicator needs to move above the neutral zone to confirm bear market reversal.
#Realized #Onchain #CYCLE $BTC
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