Yoooo BTC

This BTC dip isn't what the panic-sellers assume it's.

The info exhibits precisely what's occurring. Institutional netflows are unfavorable, and BTC is trading under the Brief-Term Holder value basis. This means anyone who purchased just lately is now underwater. That's why each little bounce will get bought off exhausting.

This isn't some mystery crash. It's distribution. Massive wallets are taking income and shaking out the weak arms who bought the highest. The rising "realized losses" you see aren't from long-term holders; it's the brand new guys panic-selling for a loss. This can be a textbook defensive move before the subsequent leg up.

What specific on-chain metric tells you that the bottom is actually in?