Bitcoin Unrealized Profits Fall to 2023 Levels as Bearish Sentiment DeepensMar 23, 2026

BTCUSD

Net unrealized profits are back to the same levels as September 2023, when BTC was trading near 30000. That tells you sentiment is back to real pessimism, which sooner or later can turn around. However, structure still does not confirm a bottom yet. We may see one more flush lower before a proper low, ideally around 50000 to 55000.

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