Bitcoin Profitability Stress Ratio Reaches Highest Level Since Last September

According to Odaily, Glassnode has revealed that the Bitcoin profitability stress ratio has reached 0.23, marking its highest level since September of last year. This metric assesses the relative size of supply in a loss state, indicating market pressure conditions. Historically, when this ratio exceeds 0.2, it often signifies periods of intensified market pressure. If the value continues to rise, it could suggest further increases in market stress, potentially reinforcing broader shifts in market sentiment.