🧠 #Bearish phase could last another 6+ months


According to analysts from Glassnode, the #crypto market may remain in a #bearish phase for at least several more months. The signal comes from the realized profit/loss ratio, which has been below 1 since Feb 21, meaning investors are realizing more losses than profits. Historically, when this metric drops below the neutral level (~1), the market tends to stay in that zone for over 6 months before a meaningful recovery begins. Notably, this indicator reflects on-chain market behavior, meaning the current pressure may be driven more by investor dynamics than by external factors like geopolitical tensions. 💛
#crypto
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