February 25 News: Bitcoin has fallen approximately 28% this month. Although recent prices are close to previous highs, blockchain analytics firm Glassnode warns that there may still be downward pressure over the next 5 to 6 months.
Glassnode’s report shows that the 90-day moving average of the Realized Profit and Loss Ratio (RPR) for Bitcoin has fallen below 1, an indicator that typically reflects selling pressure and investor sentiment in the market. Historical data indicates that when the RPR drops below 1, a bear market often lasts at least six months. The company notes that when the RPR rises back above 1, it usually signals a easing of selling pressure.
The report compares the current situation with bear markets in 2022 and 2018. In the 2022 bear market, Bitcoin’s price declined about 25% within six months after the RPR fell below 1; in the similar market conditions of 2018, Bitcoin dropped over 50% within five months. Glassnode’s analysis suggests that if historical patterns repeat, Bitcoin could continue its downward trend for several more months.
The realized profit and loss ratio measures the proportion of actual gains versus losses on the Bitcoin network, providing an intuitive view of selling pressure from long-term holders and overall market sentiment. Analysts advise investors to closely monitor RPR changes and key support levels to assess potential risks and rebound opportunities.
Overall, while Bitcoin shows a technical rebound in the short term, selling pressure has not significantly eased. Long-term holders and new investors should remain cautious to prepare for the possibility of continued decline.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Conference 2026 in Las Vegas: Original Satoshi Times Newspaper Goes on Auction with BMAG ...
Nashville, TN, USA, April 10, 2026 — Among the rarest physical artifacts in Bitcoin’s seventeen-year history—an original copy of The Times of London from January 3, 2009, the newspaper whose front-page headline Satoshi Nakamoto embedded into the genesis block—will be offered for public sale at Bitco
CryptoBreaking28m ago
Bitcoin, Ethereum, and Arbitrum Lead Top NFT Sales of Week
The NFT sector experienced notable sales this week, led by Bitcoin, Ethereum, and Arbitrum. Top sales included the $X@AI BRC-20 NFT at $8,097,669, reflecting growing investor confidence in the market. Other blockchains like Polygon and Flow also had significant sales.
BlockChainReporter35m ago
Miners brace for changing economics ahead of 2028 Bitcoin halving
Bitcoin’s fifth halving is slated for April 2028, and the mining sector is entering that cycle with far tighter margins than in 2024. A mix of higher input costs, strained energy markets and increasingly explicit regulatory expectations are reshaping how miners operate, finance, and plan for the
CryptoBreaking39m ago
Bloomberg strategist Mike McGlone: a crypto bear market or at the early stage, with Bitcoin potentially falling back to $10k
Bloomberg strategist Mike McGlone says the crypto bear market may be in its early stages, and Bitcoin could fall to $10k. Even though Bitcoin ETFs have matched S&P 500 ETF returns, Bitcoin ETFs have higher volatility and the valuation of underlying assets that lack real support remains elevated.
GateNews51m ago
SpaceX holds 8,285 BTC worth about $603 million and lost nearly $5 billion in 2025 due to its integration of xAI
SpaceX currently holds 8,285 bitcoins, worth approximately $603 million. Despite losses of nearly $5 billion due to its acquisition of xAI, it has not sold any bitcoins since mid-2024, remaining the fourth-largest holder of corporate bitcoin holdings.
GateNews1h ago
