BTC's second round of panic selling within the year: intensity halved, sellers running out Latest Key Comparisons ① The average profit loss ratio over the past 30 days has dropped to about 0.28 We have entered the 'surrender pressure zone' - we have achieved losses>profits in the past few weeks, but this is precisely the most noteworthy aspect. ② Comparison of two rounds of peak hard data The first round of panic in February → peak loss achieved~$2.6 billion Second round in early June → peak value only~$1.4 billion ✅ Currently, it has fallen to around $558 million ③ Interpretation Sellers who are willing to stop losses and leave are decreasing, and their behavior is closer to the characteristics of the later stage of selling, rather than the beginning of a new round of collapse. ⚠️ This is not 'confirming the bottom' yet—— We need to wait until the breakeven 30 day moving average turns upward and leaves the surrender zone to be considered the first positive confirmation; If the losses have already broken through the February peak again, the pressure to surrender will increase again. Follow AiCoin for first-hand information BTC OnChain