🚨 Glassnode Drop: Are We Looking At 6 More Months Of Pain? 📉🛑
The data nerds just dropped a bomb, and it’s not pretty. Glassnode is reporting that
$BTC 's Realized Profit/Loss Ratio has officially dipped below 1. Historically, every time this happens, we don’t just "dip" - we bleed for half a year. 🩸
🔹 The 6-Month Rule: Past cycles (2018 & 2022) show that once we cross this line, the downtrend lasts at least 5-6 months.
🔹 History of Pain: In 2018, this signal led to a 50% crash. In 2022, we saw another 25% haircut right after.
🔹 The $60k Line: We are staring down the barrel of $60,000