Bitcoin’s realized losses recently exceeded 800 million USD daily, which might indicate a market bottom. Despite BTC’s drop from 76,000 USD, it remains below 85,000 USD amid declining demand and ETF outflows totaling over 5 billion USD.
For the first time since October 2024, short-term holders are selling BTC at a loss, complicating recovery efforts. Analysts emphasize the importance of the Bitcoin Spent Output Profit Ratio (SOPR) exceeding 1 for a bullish market shift, while macroeconomic conditions pose ongoing challenges.
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