#数字资产动态追踪 Recently, on-chain data provider Glassnode made an interesting discovery — when Bitcoin dropped to around $80,000 in late November, a key indicator may have signaled the formation of a stage or even cyclical bottom.
What exactly is this indicator? The "Profit Supply / Loss Supply" ratio of short-term holders (those holding less than 155 days). On November 24, this ratio fell to 0.013, which sounds insignificant, but historical data reveals the issue — every time this indicator hits this level, it corresponds to a critical market bottom, as seen in 2011, 2015, 2018, and 2022.
How pes