Bitcoin Unrealized Loss Ratio Drops 60% in 10 Days

The sharp drop in the unrealized loss ratio signals that most coins held at a loss have likely been sold or are now near break-even, easing overhead supply. The shift to profit dominance suggests sellers are exhausting, but it does not guarantee upward momentum—profit-taking could emerge at higher levels. The key is whether this improved sentiment persists or flips if price stalls, as short-term metrics like these can reverse quickly.