3.24 BitTiger Diary: Glassnode Official Certification Index Breaks Defense!

! Just fell below the life and death line 1.0, the bottom fishing party is going to cool down Brothers, today we share a core indicator promoted by the official research team of Glassnode - BTC has achieved breakeven ratio (90 day moving average). The key signal that just occurred: This indicator has just fallen below the 1.0 life and death line, officially entering the red loss zone. Simply put, in the past 90 days, the market as a whole has shifted from a profitable state to a loss making state, and liquidity has begun to dry up. Why does the official attach so much importance to this indicator? Because it uses a 90 day smoothing process, it is not sensitive to short-term fluctuations, and once it turns, it often represents a true switch in the medium-term trend. When it falls below 1 and enters the red zone, it means: The market has been in a state of overall loss for several consecutive months Weak hands have been basically cleaned up, leaving only "lying flat" funds This is usually a signature signal for the latter half of a bear market ⏰ The iron law of history: the red zone will endure for a long time Looking at the red areas in the picture, each bear market bottom has a common feature: the indicator will stay in the red area for 8-12 months. It has just fallen below 1, and there is still a long way to go before it reaches the true deep red zone. According to historical experience, the true bottom often appears in the middle and later stages of the red zone. Tiger Brother's Strategy Interpretation: You don't have to worry about stepping into the air at all. This indicator tells us that the "last tremor" of the bear market is not yet here, and the most brutal trampling may still be ahead. Continue to hold empty positions and wait until this line is deep in the red zone for a whole month, that will be the certainty window for us to build positions in batches. Don't be fooled by short-term rebounds, the real bottom requires the dual torment of time and space. How long do you think the red zone will last this time? Half a year or a whole year? Does anyone still dare to resist to the end now? Please share your judgment in the comment section! Bitcoin BTC Glassnode on chain indicator Bitcoin Tiger Diary