CryptoQuant analyst: The proportion of unrealized losses in Bitcoin has decreased by 60%, while the proportion of realized gains and losses has returned to profit dominance

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's profit to loss ratio has rebounded above 1 for the first time since the end of July, and the proportion of unrealized losses has decreased from 18.57% on August 16 to 7.35%, a decrease of about 60%. The current reading is on the breakeven line, and during the surrender phase of 2022-2023, the ratio will remain below 1 for 241 days, with the lowest dropping to 0.368.