BTC unrealized profit at 65.8%, bear market bottom not yet signaled

The current unrealized profit ratio for Bitcoin (BTC) stands at 65.8%, continuing its decline below the historical average of approximately 81%, according to cryptocurrency analyst Darkfost. In a post on X, he noted that with the unrealized loss ratio at 34.2%, the volume of BTC in profit still exceeds that in loss. Darkfost added that past bear markets have always featured a period where unrealized losses surpassed unrealized profits, questioning whether the current cycle will be an exception. A chart shared by the analyst indicates that the "loss" area expanded significantly during the bear markets of 2015, 2018–2019, and 2022.