The profit and loss ratio of short-term Bitcoin holders suggests that the November decline may be the bottom
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The profit and loss ratio of short-term bitcoin holders dropped to 0.013 on November 24, approaching the low point when bitcoin was priced around $80,000. Historically, this data has coincided with major or local market bottoms. Currently, the ratio has rebounded to about 0.5, indicating that the profitability of short-term holders has increased.
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