Current degree of net unrealised PnL held by LTHs is testing t | Biko

Current degree of net unrealised PnL held by LTHs is testing the 0.75 level which has been the make or break level between past bull and bear cycles.

Only in the 2013 'double pump' scenario did this metric see a recovery. Should LTHs continue to see their paper gains fall, this too may create a new source of overhead supply.

On the other hand, higher prices and a supply squeeze from buying the dip would begin to resemble the 'double pump' scenario from 2013.


@BikoTrading