Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
I noticed that Glassnode is signaling something interesting about Bitcoin's profit/loss ratio. Apparently, this indicator over 90 days has fallen below 1 this week, which suggests that the market is generally selling at a loss. According to Glassnode's analysis, this is usually a sign of panic selling or a decrease in risk appetite.
What struck me is that history shows a fairly clear pattern. During the 2022 bear market, after this crossing, Bitcoin plummeted by about 25% over six months. In 2018, it was even worse with a drop of over 50% in five months. Glassnode suggests that this cycle of realizing losses could last several months before a real rebound.
The current price is around 77k, but if the historical trend repeats, we could see additional pressure. Glassnode's analysis indicates that this cyclical cleanup could continue for a while. Keep a close eye on the coming weeks.