14D SMA of total #RealizedLoss at $479M per day — roughly 140% above the $200M baseline seen during stable cycle periods 📉🔴. Investors rushing to exit at narrower loss margins as price recovers 💪.

Sustained compression back below $200M per day would confirm selling exhaustion and genuine demand regime shift. Until then, dual pressure from #LTH profit taking and top-buyer distribution likely to cap the current rally ⚡️🎯👀