Bitcoin's slide below $90,000 has pushed on-chain realized profit metrics into negative territory, a level last seen before the previous bear market.
Bitcoin Profit Cycle Turns Negative for First Time Since 2023: CryptoQuant
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CryptoQuant says Bitcoin's on-chain realized profit metric fell into negative territory after BTC slid below $90,000, the first negative reading since 2023 and last observed prior to the previous bear market.
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