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Bitcoin P&L ratio falls to 43-month low
Bitcoin's profit and loss (P&L) ratio has fallen to a 43-month low. Bitwise chief investment officer Matt Hougan stated the market bottom is 'closer than ever,' while a Swan Bitcoin analyst advised investors to buy now at a discount rather than pay more later.
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Adjacent reporting
- Bitcoin Is 'Boring' AI-Hungry Retail Investors, But Bernstein Still Sees $150K This Year
- Bitcoin plums new six-week lows as analyst eyes BTC price dip 'end' at $72K
- Ethereum down 35% versus Bitcoin in a year: Will the ETH price downtrend continue?
- The Great Decoupling: Why Ethereum is Bleeding Against Bitcoin