Oh my god, I just saw some on-chain data analysis and I was a bit shocked!😍

They say that Bitcoin bottomed out in late November when it dropped to $80,000? The key is using a ratio called "Profit Supply / Loss Supply" to judge this. When this ratio drops to 0.013, it has historically always corresponded to major bottoms—like in 2011, 2015, 2018, and 2022.

At that time, the loss supply of short-term holders surged to 2.45 million coins, basically a "mass sell-off" scene, while the profit supply was only 30,000 coins. What does this mean? Probably that a large number of beginners and short-term traders were panic selling.😅

But the most interesting part is that after entering 2026, Bitcoin rebounded to $94,000, and that ratio also rose back to 0.45. Data shows that when this ratio approaches 1 historically, Bitcoin often begins a sustained rise, and the true top only appears when the ratio approaches 100. It’s still far from that now—does this mean there’s still plenty of room for further upward movement?🤔

It seems that on-chain data can indeed reveal some insights. Although I still don’t quite understand the specific logic, this approach of using historical patterns to judge seems very convincing!