Glassnode: Bitcoin Realized P/L 90-Day SMA Under 1; Feb 24 Note Warns of Losses

On February 24, Glassnode said its 90‑day SMA of Bitcoin's Realized Profit/Loss Ratio slipped below 1, marking loss‑dominant selling. The firm noted that such breakdowns have often persisted for six months or longer before liquidity returns. Bitcoin traded near $63,200, down 3.6% on the day and almost 29% over a month.