Bitcoin P&L Ratio Falls to 43-Month Low, Hinting at Market Bottom
Bitcoin’s realized profit-and-loss (P&L) ratio has fallen to its lowest level in 43 months, a development that has historically coincided with major market bottoms, according to blockchain analytics platform CryptoQuant. The realized P&L ratio dropped to -0.35, marking its lowest reading since December 2022, when the collapse of FTXpushed Bitcoin below $16,000. CryptoQuant said similar readings in 2015 […]












