Cow is still in the seriesDon't panic, 7.6w is just another step back on the "bull bear boundary line" 😏 BTC: Realized Profit/Loss Ratio is an on chain analysis metric used to measure the relative ratio of profit and loss achieved by Bitcoin holders through selling Bitcoin during a certain period of time. Definition and Calculation Realized profit: When Bitcoin is sold, if the selling price is higher than the price at which it was last moved (i.e. the price at which the holder bought or acquired it), the difference is the realized profit. Realized loss: Conversely, if the selling price is lower than the price at the last move, the difference is the realized loss. Realized Profit/Loss Ratio=Total realized profit/Total realized loss. This ratio is usually expressed in numerical form: If the ratio is greater than 1, it indicates that the profits realized in the market are greater than the losses, reflecting that the holders are generally taking profits. If the ratio is less than 1, it indicates that the loss is greater than the profit, suggesting that the holder may be selling in panic or cutting meat and leaving. If the ratio is 1, the profit and loss are basically balanced, which is the "bull bear big line" In bull market cycles, the 'bull bear boundary line' often plays a strong supporting role This article is sponsored by Bitget | @ Bitgetzh