Yoooo BTC

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

The info exhibits exactly what's occurring. Institutional netflows are unfavourable, and BTC is buying and selling under the Brief-Term Holder value basis. This implies anybody who purchased just lately is now underwater. That's why each little bounce gets bought off onerous.

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

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