This is When Bitcoin Bear Market Will End!

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As per glassnode data, the profitability of long-term holders' is at extreme bear market stress. The LTH Supply in Loss is currently around historical highs.

This high percentage of the long-term supply in loss suggests the market is in a deep bear market and will only reverse when the percentage of supply in loss decreases.

The crypto market becomes more pale when the investors' position is at a large loss,  the buying power correlates with the profitability of market participants.