Glassnode: Bitcoin profit pressure ratio rises to 0.23, the highest level since September last year

ChainCatcher news, according to Glassnode data, the Bitcoin profitability stress ratio has currently reached 0.23, the highest level since September of last year. This indicator is used to measure the relative size of the supply in a loss state, reflecting market pressure conditions.

Glassnode points out that historically, levels of this indicator exceeding 0.2 typically signify periods of increased market pressure. If this value continues to rise, it may indicate further increases in market pressure, potentially reinforcing a broader shift in market sentiment.