A report from on-chain analytics firm Glassnode has highlighted how 
transitions into strong upside phases have historically required liquidity to 
hold above a key threshold. Bitcoin Rally Could Require Realized Profit/Loss 
Ratio To Rise Above 5 In its latest weekly report, Glassnode has talked about 
liquidity conditions present on the Bitcoin network as the asset&#8217;s price has 
gone through a drawdown following its failed recovery attempt earlier in the 
month. Related Reading: Bitcoin Death Cross That Last Preceded A 66% Drop Is 
Back &#8220;Any meaningful transition back toward a sustained rally should 
objectively be reflected in liquidity-sensitive indicators such as the 
Realized Profit/Loss Ratio (90D-SMA),&#8221; explained the analytics firm. The 
Realized Profit/Loss Ratio refers to an indicator that, as its name suggests, 
compares the realized profit and loss that BTC investors realize from their 
transactions. When the value of this metric is greater than 1, it means the 
holders as a whole are realizing a higher amount of profit than loss. On the 
other hand, the indicator being under the threshold suggests loss-taking is 
dominant on the network. Naturally, if the Realized Profit/Loss Ratio is 
exactly equal to 1, the average holder can be assumed to be just breaking even 
on their selling, with profits and losses being harvested on the blockchain 
exactly canceling each other out. Now, here is a chart that shows the trend in 
the 90-day moving average (MA) of this Bitcoin indicator over the past decade: 
As displayed in the above graph, the 90-day MA Bitcoin Realized Profit/Loss 
Ratio hit a peak during the second half of 2025 as investors exited with gains 
in the bull run. Since this high, however, the indicator has seen a sharp 
decline. At the peak, the metric&#8217;s value reached close to 20, indicating 
profits outweighed losses by nearly 20 times, but recently, it has slipped all 
the way down to a level less than 2. Profit-taking is still dominant in the 
sector from the perspective of the indicator, but profits are less than double 
the losses now. According to Glassnode, transitions into strong upsides have 
historically required this metric to rise and hold above a value of 5. 
Currently, the metric&#8217;s trajectory is still pointing down, so it&#8217;s uncertain 
whether it will see any improvement in the near future and if it does, whether 
it will climb back above this threshold. Related Reading: Bitcoin Supply In 
Loss Turns Upward—Early Bear Market Signal? That said, twice in this cycle 
alone, Bitcoin liquidity has gone under this level and managed to return above 
it. Though in both of those instances, it found a bottom at levels noticeably 
above the current value. BTC Price At the time of writing, Bitcoin is floating 
around $87,800, down 2.4% over the last seven days. Featured image from 
Dall-E, chart from TradingView.com

Bitcoin Upside Hinges On Liquidity Rising Above This Level, Glassnode Says

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investors adopt a cautious stance. Crypto Markets Brace for Options Expiry 
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The post SEC, CFTC plan to sign memorandum on crypto oversight appeared first 
on Crypto Briefing.

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The AVAX price continued its steep downward trend this week, breaking a 
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Cryptocurrency price in BTC