SMA achieved a continuous decline in profit to loss ratio of nearly 1 in 90 days

The profit to loss ratio of SMA in 90 days is currently around 1.5, continuing to decline and gradually approaching 1, reflecting the gradual weakening of market liquidity conditions. Historical data shows that when the ratio continues to fall below 1, it is usually accompanied by widespread market selling, with loss making trades dominating. （glassnode）