On-chain data shows a Bitcoin metric is approaching a crucial retest that can make or break a rally. Will the bulls come out on top? Bitcoin Short-Term Holder Realized Profit/Loss Ratio Is Nearing 1 Level According to data from the on-chain analytics firm Glassnode, a successful retest here would be constructive for the price of the asset. The indicator of interest here is the “realized profit/loss ratio,” which measures the ratio between the profits and losses that Bitcoin investors throughout the network are realizing right now. The metric works by going through the on-chain history of each coin being sold
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Author: coinmaker