⚠️THE 2022 BEAR MARKET SIGNAL JUST RETURNED!

XRP
1.7493
-0.64%
CryptoQuant data shows BTC investors are losing money for the first time since Oct 2023.

DUSK
--
--
1️⃣ Since December, holders have realized 69K $BTC in losses, worth $6.1B.

BTC
84,200
+2.24%
2️⃣ Realized profits peaked in Jan 2024→ lower highs in Dec→ faded through 2025→ and flipped negative again.
This structure looks eerily similar to the 2021–2022 bull-to-bear transition:
Profits peaked in Jan 2021→ lower highs thru 2021→ losses followed ahead the 2022 bear market.
3️⃣ Net realized profits have dropped to 2.5M $BTC, the lowest level since March 2024.
That level closely matches March 2022, when the bear market was already underway.