Analysis: Bitcoin has not yet entered the final panic stage; we are currently only at the "beginning of the test."
BlockBeats News, February 28, CryptoQuant analyst @AxelAdlerJr posted immediately after today's Bitcoin drop, stating that the current Bitcoin Unrealized Loss Percentage has exceeded 39%, with a significant portion of buyers currently in an unrealized loss position. The market is entering a phase of positive pressure, but has not yet entered a full capitulation phase. Before a complete collapse, the market still has room to maneuver.
Historical data shows that this indicator reached over 40% near the bear market bottoms in 2018 and 2022, and this current level indicates that weak positions are gradually being cleared, potentially approaching the cycle low.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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