Glassnode: Bitcoin's earnings stress ratio rose to 0.23, the highest level since September last year

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According to Glassnode data, the Bitcoin profitability stress ratio has now reached 0.23, the highest level since September last year. This indicator is used to measure the relative size of supply in a loss-making state, reflecting the market stress situation. Glassnode notes that, looking at historical data, the indicator's level above 0.2 usually signals a period of heightened market stress. If the value continues to rise, it could signal a further increase in market pressure, potentially reinforcing a broader shift in market sentiment.

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