[CryptoQuant: Bitcoin's Realized Profit and Loss Ratio Drops to a 43-Month Low] According to a report by Cointelegraph, CryptoQuant data shows that Bitcoin's realized profit and loss ratio has dropped to -0.35, marking a 43-month low. The last time this indicator was at this level was in December 2022, after the FTX collapse when Bitcoin fell below $16,000. Currently, Bitcoin's price is 16% higher than the on-chain cost basis. Bitwise Chief Investment Officer Matt Hougan stated that the market bottom is closer than ever, while Swan Bitcoin analyst Adam Livingston advised investors to buy during the discount.