Let's discuss a few points about the bottom of the market (the global vision).
There is one interesting metric that shows the percentage of bitcoins that were bought above today's price, based on the 30-day and 90-day moving averages as the percentage of supply in loss (PnL). However, compared to the previous three cycles' declines, we may still have to wait for the last few percentage points before reaching the finish line.
At the moment, the indicator is 46%, which indicates the imminent end of the bearish cycle, with all this, there was no quick reversal for all previous cycles, and in some moments the metric was at 50% for several months.
