Bitcoin Risks Deeper Bear Market If Long-Term Holder Liquidity Ratio Falls Below 10x, Glassnode Warns

On-chain analytics firm Glassnode has flagged a sharp decline in Bitcoin long-term holder liquidity amid the recent downturn. The firm's latest report warns that if the LTH Realized Profit/Loss Ratio compresses toward 10x or lower from its current 408 level, the probability of entering a deeper bear market increases significantly. Short-term holders currently show severe capitulation, with their profit/loss ratio at 0.07, indicating heavy losses among recent buyers.