Data: The unrealized profit ratio of bitcoin has dropped to 65.8%, below the historical average of 81%.

ChainCatcher reports that CryptoQuant analyst Darkfost points out that the proportion of unrealized profits in Bitcoin has dropped to 65.8%, below the historical average of 81%, while unrealized losses account for approximately 34.2%. The current market is still supported by profitable positions rather than dominated by losses, but the proportion of profits continues to decline.

Darkfost states that in past bear markets, the market always reached a stage where unrealized losses exceeded profitable positions, and it is currently unclear whether this cycle will be an exception. This indicator reflects the overall profit and loss status of market positions and is an important reference for judging market sentiment and potential selling pressure.