Bitcoin Market At Decision Point: Will This On-Chain Retest Be Successful?

On-chain data shows a Bitcoin metric is approaching a crucial retest that can make or break a rally. Will the bulls come out on top?
Bitcoin Short-Term Holder Realized Profit/Loss Ratio Is Nearing 1 Level
According to data from the on-chain analytics firm Glassnode, a successful retest here would be constructive for the price of the asset. The indicator of interest here is the “realized profit/loss ratio,” which measures the ratio between the profits and losses that Bitcoin investors