#RealizedPnL Ratio 90D MA declining into 1–2 range — historically marking transition toward stressed #BearPhase where losses dominate 📉🔴.

Profit-taking subdued, capital rotation limited. Until ratio reclaims above 2 signaling renewed liquidity inflows, broader #MarketBias remains structurally negative ⚡️🎯👀

90D MA #RealizedPnL dropped below 1.0 — losses now dominating, signaling #ExcessLossRegime 📉🔴. Historically persists 6+ months with weak buy-side liquidity 💪.

Recovery unlikely until ratio reclaims above 1.0 ⚡️🎯👀

30D SMA of #RealizedPnL spiked from February low of 0.4 to 1.8 — sharp shift in spending behavior as price recovered 📈🔴. However rising profit-taking overwhelming demand, capping momentum 💪.

Sustained stabilization above 2.0 over multiple weeks would signal genuine buy-side conviction capable of absorbing distribution pressure ⚡️🎯👀