With BTC now rebounding to $43.5k, it seems like the weak hand shakeout we wrote about yesterday may be coming to fruition.
For those that want to keep an eye on the various 'pain markers' during a correction that might signal a local bottom, I made this quick chart layout. It includes 4 metrics that we wrote about yesterday:
- Exchange Inflow
- Network Realized profit/loss
- 30d and 365d MVRV ratio
- WETH Makerdao CDP liquidations
Side-by-side anomalies in these metrics may suggest high market distress and investor pain, and as such a decent potential for short-term price recovery. Stay safe out there!