Glassnode flags extended sell-side pressure ahead
BTC is down ~28% this month; Glassnode’s sub‑1 realized P/L ratio signals 5–6 more months of downside pressure. Summary BTC trades near ~$63k after a sharp February selloff, about 47% below its ~$126k ATH from October 2025. Glassnode’s 90D realized profit/loss ratio has fallen below 1, historically preceding at least 5–6 months where realized losses
