Is Bitcoin Ready For A Rebound? This Metric Says More Pain Needed First

On-chain data shows the loss margin of Bitcoin traders is only halfway through the way to the boundary that signaled rebounds in the last two years. Bitcoin Traders Are About 5% Underwater At The Moment In a new post on X, analyst Ali Martinez has talked about how Bitcoin tends to rebound when the Profit/Loss Margin of the Bitcoin traders falls under -12%. The Profit/Loss Margin refers to an indicator that measures the net amount of profit or loss that the BTC investors are carrying right now. The metric works by going through the transaction history of each coin on the blockchain to see what price it was last moved at source: https://www.newsbtc.com/bitcoin-news/bitcoin-rebound-this-metric-more-pain-needed/