February 24 News: Bitcoin has recently been declining continuously, sparking market attention on the recovery point. According to Glassnode data, the 90-day realized profit and loss ratio has fallen below 1 for the first time since 2022, indicating that the market has entered an oversold phase. Historical experience shows that this state typically lasts about six months, suggesting Bitcoin may remain at low levels until the end of the third quarter of this year.
The realized profit and loss ratio reflects the proportion of profitable and losing on-chain transactions. When the ratio is below 1, losses dominate, and investors tend to sell in capitulation. Past bear cycles—2015, 2018, and 2022—showed similar patterns, with panic often occurring at lows, but also presenting potential buying opportunities.
Monthly data offers another perspective. February may become Bitcoin’s fifth consecutive month of decline, with the longest streak on record being six months, after which a strong rebound usually occurs. Investor Gayu_BTC pointed out that extreme panic often appears near market turning points, and buying at lows could yield maximum returns during recovery.
From a price retracement perspective, Bitcoin has fallen about 47% from its all-time high. Statistics show that when retracement reaches 50%, the one-year success rate is about 90%, with median returns reaching 95%; at 70% retracement, the success rate even reaches 100%, with worst-case returns still at 25%. This data indicates potential opportunities at current price levels.
BeInCrypto’s latest analysis emphasizes that $60,000 is a key threshold for Bitcoin, which may determine the market direction in the coming months. Investors should monitor market sentiment and on-chain indicators to decide on buying or holding strategies.
Combining historical data and on-chain analysis suggests that Bitcoin’s recovery may gradually become evident in early April, but market volatility remains high, and investors should carefully assess risks and opportunities.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A whale withdrew 217.7 BTC from a certain CEX half an hour ago, accumulating 2634.7 BTC over 14 days.
Gate News reported that on March 17, on-chain data shows that a certain whale/institution withdrew 217.7 BTC from a certain CEX half an hour ago, valued at $16.04 million. This address has been continuously withdrawing BTC from the exchange since March 3, accumulating a total of 2634.7 BTC over 14 days (total value of $186 million), with an average cost of $70,805 per coin, and currently has unrealized gains of $9.05 million.
GateNews29m ago
Today Bitcoin ETF net inflows of 2,955 BTC, Ethereum ETF net inflows of 7,894 ETH
Gate News report: On March 17, according to Lookonchain monitoring, as of press time, Bitcoin ETF net inflows reached 2,955 BTC (valued at $219 million), Ethereum ETF net inflows reached 7,894 ETH (valued at $18.5 million), and SOL ETF net inflows reached 24,020 SOL (valued at $2.27 million).
GateNews30m ago
Today, US Bitcoin ETF net inflow was 2955 BTC, Ethereum ETF net inflow was 7894 ETH
Gate News reported that on March 17, according to Lookonchain monitoring, today's US Bitcoin ETF net inflows were 2955 BTC, Ethereum ETF net inflows were 7894 ETH, and Solana ETF net inflows were 24020 SOL.
GateNews30m ago
Bitcoin’s Rally Hits a Wall Near $76K — Breakout or Breakdown Next?
Over the last hour, bitcoin traded at $73,859 to $74,375 on Tuesday, with a market cap of $1.47 trillion and 24-hour volume of $55.84 trillion, while price action remained confined within a $73,143 to $75,937 range. Across the 1-hour, 4-hour, and daily charts, the price structure reflected
Coinpedia33m ago
Maestro Launches Bitcoin Credit Market Mezzamine, Targeting 8%-9% Annual Yield
Bitcoin infrastructure provider Maestro launches Mezzamine, a credit market denominated in bitcoin, targeting institutional investors with new yield opportunities and expanding miner financing. In collaboration with Sazmining, the project offers an annualized yield rate of 8%-9%, aiming to address risks in traditional mining finance.
GateNews1h ago
