Despite printing a second ATH in early October, the Realized Profit-to-Loss Ratio (90D SMA) has been trending lower since late July. It has now dropped to ~1.45, signaling a clear deterioration in overall market profitability, though it remains above the <1 threshold historically linked to extreme capitulation phases. #crypto
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Despite printing a second ATH in early October, the Realized Profit-to-Loss Ratio (90D SMA) has been trending lower since late July. It has now dropped to ~1.45, signaling a clear deterioration in overall market profitability, though it remains above the <1 threshold historically linked to extreme capitulation phases. #crypto