The pattern with Bitcoin Profit/Loss that we've been tracking since earlier this year played out exactly as one would expect if this was another local bottom of the cycle. 1) High peaks of realized profit at local tops 2) Series of lower highs in profit as price consolidates/decreases 3) A shift to net realized losses at the start of local bottoms 4) A return to net realized profit after a bottom has had time to develop The key here is that the bottom can take time to form, and during that time, investor sentiment and other dynamics can shift, causing further drop. Flexibility and awareness is crucial right now as this market is entangled in a strong fight between the bears and the bulls.(On-Chain College)