Yoooo BTC

This BTC dip isn't what the panic-sellers assume it's.

The info exhibits precisely what's occurring. Institutional netflows are unfavourable, and BTC is buying and selling under the Brief-Time period Holder value basis. This implies anyone who bought lately is now underwater. That's why each little bounce will get bought off arduous.

This isn't some mystery crash. It's distribution. Huge wallets are taking income and shaking out the weak palms who bought the highest. The rising "realized losses" you see aren't from long-term holders; it's the new guys panic-selling for a loss. This can be a textbook defensive transfer earlier than the subsequent leg up.

What particular on-chain metric tells you that the bottom is actually in?