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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #1554 6.87K
The 7D-EMA of Net Realized Profit & Loss for recent investors plunged to –$1.24B/day on Feb 06, before moderating to –$0.48B/day today.
While the intensity has cooled, the broader regime still signals a market under pressure, with participants in the base formation phase continuing to capitulate.

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