Historical Bull Signal in Bitcoin: Low Loss Period Continues

The recent performance of Bitcoin (BTC) continues to generate strong excitement among investors. Since November 2023, the relative unrealized loss rate of Bitcoin has remained below 5%, presenting an unprecedented bullish signal in history. According to data from the on-chain analysis platform Glassnode, this rate is a critical indicator for assessing the overall health of Bitcoin investors and potential selling pressure.

A low loss rate indicates that the majority of investors are holding their assets at a profit. This situation suggests that a strong atmosphere of confidence prevails in the market and that selling pressure might remain limited. Historically, similar periods have often preceded significant price increases. Compared to the 2017 and 2021 bull markets, it is noteworthy that the low loss structure has been maintained for a longer duration in the current cycle.

Glassnode's data indicate that Bitcoin may continue its strong performance in the fourth quarter of 2023, and that investors' long-term expectations remain high. Analysts state that this situation continues to progress in a bullish market structure. As of November 2023, this bullish signal is increasing investors' expectations for reaching new price peaks.

In conclusion, Bitcoin's indicators suggest that important opportunities may be available for investors. In light of current developments, critical points for investors to monitor include the loss rate remaining below 5% and the overall atmosphere of confidence in the market. Considering these data when forming their strategies may assist investors in evaluating potential opportunities.