🚨 $BTC ON-CHAIN WARNING: Bitcoin just slipped into bear-market territory
This is not a chart you ignore.
On-chain data shows Bitcoin has entered a zone where losses now outweigh profits — conditions historically seen during bear markets. Selling pressure is building, and it’s accelerating.
The UTXO Profit/Loss Ratio makes it clear:
As more coins move underwater, the ratio keeps falling toward historically critical levels.
Translation:
More holders are at a loss → fear rises → conviction drops → forced selling increases.
Momentum isn’t stabilizing. It’s deteriorating.
But here’s the key…
Historically, when this ratio hits extreme loss zones (🔵), it hasn’t marked the start of bear markets — it’s often appeared near the end of them.
Pain peaks.
Weak hands exit.
Supply tightens.
That’s how bottoms form.
📉 Short-term: Bearish
📊 Structurally: Opportunity building
Markets don’t bottom on hope — they bottom on exhaustion.
So the real question is:
Is capitulation happening right now… or is one final shakeout still ahead?$BTC
