February 25 News: Bitcoin has fallen approximately 28% this month. Although recent prices are close to previous highs, blockchain analytics firm Glassnode warns that there may still be downward pressure over the next 5 to 6 months.
Glassnode’s report shows that the 90-day moving average of the Realized Profit and Loss Ratio (RPR) for Bitcoin has fallen below 1, an indicator that typically reflects selling pressure and investor sentiment in the market. Historical data indicates that when the RPR drops below 1, a bear market often lasts at least six months. The company notes that when the RPR rises back above 1, it usually signals a easing of selling pressure.
The report compares the current situation with bear markets in 2022 and 2018. In the 2022 bear market, Bitcoin’s price declined about 25% within six months after the RPR fell below 1; in the similar market conditions of 2018, Bitcoin dropped over 50% within five months. Glassnode’s analysis suggests that if historical patterns repeat, Bitcoin could continue its downward trend for several more months.
The realized profit and loss ratio measures the proportion of actual gains versus losses on the Bitcoin network, providing an intuitive view of selling pressure from long-term holders and overall market sentiment. Analysts advise investors to closely monitor RPR changes and key support levels to assess potential risks and rebound opportunities.
Overall, while Bitcoin shows a technical rebound in the short term, selling pressure has not significantly eased. Long-term holders and new investors should remain cautious to prepare for the possibility of continued decline.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analyst Says Bitcoin Indicators Show Early Signs of Market Recovery
Stablecoin liquidity rose by ~$8B since February, signaling potential improved market trading conditions.
Inter-exchange Flow Pulse turned positive, indicating more Bitcoin moving to derivatives platforms.
Long-term holders retain ~79% of supply, showing gradual supply transfers rather
CryptoFrontNews6m ago
Bitcoin vs Gold: Divergent Reactions to the Iran War Shock
Global markets faced a real-time stress test as the 2026 Iran crisis escalated, amplifying concerns about energy flows and liquidity. Traders watched as risk sentiment swung and traditional safe-haven dynamics were tested in ways not seen for years. While gold initially benefited from demand for
CryptoBreaking1h ago
Former UK Prime Minister Boris Johnson Calls Bitcoin a Ponzi Scheme
Former UK prime minister Boris Johnson sparked a fresh volley of criticism around Bitcoin by labeling it a Ponzi scheme in a Daily Mail op-ed. He recounts a personal anecdote: a friend who handed over 500 pounds, or about $661, to a promoter who promised to “double his money” via BTC, only to be
CryptoBreaking1h ago
Bitcoin Hashrate Slips Below 1 Zettahash as Miner Revenue Remains Thin
Bitcoin's hashrate has fallen below 1 zettahash due to diminished miner revenue, with hashprice at $31 per petahash. This has led to thinner margins for miners, who may benefit from an upcoming difficulty reduction.
Coinpedia3h ago
