Crypto analyst Benjamin Cowen said a crossover has occurred in Bitcoin’s on-chain “profit-loss ratio” indicator. According to Foresight News, Cowen wrote on X that historical patterns suggest investors should begin looking for a market cycle bottom after the indicator crosses, rather than before it.
He added that the signal can serve as a reference for assessing market direction during the mid-year period of a halving cycle.
Benjamin Cowen Says Bitcoin On-Chain Profit-Loss Ratio Crossover May Signal Timing for Cycle Bottom Search
2026-06-08 14:13:40
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