Another perspective on peering into the bottom of the cycle: 'Desperate moments with losses at the forefront' About four months ago, I shared with you another relatively obscure 'Deep Bear Bottom Signal', That is to say, the intersection of RUP and RUL, which is different from other deep bear valuation models, This signal mainly evaluates the 'average profit and loss state of the market'. RUL > RUP， Represents' the overall market falling into losses', usually reflecting a truly desperate moment. // As shown in the attached figure: Green line=RUP (Relative Unrealized Profit) Red line=RUL (Relative Unrealized Loss) Signal=RUP<RUL (red line crossing green line) Here is a quick recap of the core concepts of indicators for everyone: ➡️ Both RUP and RUL are used to measure the market's "profit and loss status" ➡️ When RUP<RUL, it means that the market is already in a loss making state on average ➡️ As mentioned above, in history, when RUP<RUL, it corresponds to periodic bottoms A more complete tutorial on the detailed concepts of RULL can be found at the following link ： https://((((x.com))))/market_beggar/status/1874672257362276464 // When evaluating the bottom fishing areas of deep bears, the main core concepts are actually the following three: one ️⃣ Cost estimation: such as Cointime Price, Realized Price, LTH-RP two ️⃣ Loss level: For example, PSIP<50% (quoted below), today's RULL signal three ️⃣ Extreme skewness: such as the STH-RP model with deviation adjustment AVIV Heatmap If you are a new friend and feel unfamiliar with the above terms and models, I have previously written a complete concept tutorial, and friends who need it can refer to the organization at the end of the article And the RULL cross signal to be shared today clearly belongs to the second category ️⃣ Seed, With the arrival of the recent 'last tremor of piercing 60K', We can see 'RUL' (red line) ）」 There was a sudden surge, Bringing us one step closer to the bottom signal of the 'two lines crossing'. What needs to be emphasized to everyone is: At present, it is not possible to calculate the BTC price when the two lines intersect through calculation Similar to the concept of 'PSIP<50%', the appearance of a signal does not immediately indicate bottoming out For myself, I tend to consider this signal as a bonus point Although this model is also a highly accurate periodic bottom signal, But unlike Cointime Price and Realized Price, there is no clear point, And from the current situation, it is difficult to trigger the RULL cross signal, It should be slightly more difficult than triggering other deep bear valuation models. Therefore, at this stage, I am more inclined to 'focus on Cointime Price...', After the future price confirmation reaches the bottom buying area of those deep bear valuation models, I will come back to observe whether there is crossover and formation of 'signal resonance' in RULL. The above is today's content, hoping to be helpful to everyone // Related reading resources A Brief Discussion on the Ideal Framework of 'The Last Trembling' from the Perspective of Liquidity https://((((x.com))))/market_beggar/status/2064164984574394473 Golden Pit Tracking Series (17): Latest Data from the "Four Major Deep Bear Bottom Hunting Models" https://((((x.com))))/market_beggar/status/2062713685639049363 Resonance of the Golden Pit: Epic Periodic Bottom hunting Region https://((((x.com))))/market_beggar/status/2062363769737826379