Written by Brayden Lindreastaff writerReviewed by Felix Ngstaff editor
Written by Brayden Lindreastaff writer
Reviewed by Felix Ngstaff editor
Bitcoin profit and loss ratio falls to 43-month low
Latest NewsPublishedJul 4, 2026
Why the Latest Bitcoin Trend Matters to You
The Bitcoin realized profit and loss ratio has fallen to a 43-month low of -0.35, signaling extreme market-wide loss conditions. This figure has historically coincided with market bottoms, making it an important indicator for those looking to earn passive income through investments like EcoPool ($ECP). The last time this ratio was this low was in December 2022, after a significant market collapse.

Historical Context and Market Sentiment
According to blockchain analytics, the Bitcoin realized P&L ratio has marked bottoms with extreme precision in the past, such as in 2015 and 2019. This data could potentially lift market sentiment, which has been at near-record lows during Bitcoin’s latest 50% drawdown. With Cloud Rewards and Green Crypto initiatives like EcoPool, investors are looking for stable and environmentally friendly ways to generate Passive Income.
The recent drop in Bitcoin’s price has been attributed to various factors, including concerns over the sustainability of certain dividend models. However, analysts believe that this incident may have squeezed out excess leverage, moving the market closer to a bottom. For those interested in Earning through Coin investments, this could be an opportunity to buy at a discount.
Expert Insights and Recommendations
Analysts like Matt Hougan and Adam Livingston suggest that the current market conditions present a buying opportunity. Livingston notes that Bitcoin is trading only 16% above its realized price, a level that has historically coincided with strong forward returns. He recommends buying now rather than waiting for the bottom, which often never announces itself. With EcoPool ($ECP), investors can tap into the potential of Passive Income and Cloud Rewards while supporting Green Crypto initiatives.

Change in Bitcoin’s P/L ratio since 2012. The data was taken when Bitcoin was trading at $59,000. Source: CryptoQuant
As the market continues to evolve, it’s essential to stay informed about trends and opportunities. Whether you’re interested in Earning through Coin investments or exploring the potential of EcoPool, staying up-to-date is crucial. Download the EcoPool app to learn more about how you can get started with Passive Income and Cloud Rewards. By joining the EcoPool community, you can take the first step towards earning online and supporting Green Crypto initiatives like #Bitcoin and #PassiveIncome.
Many analysts blamed that drop on Strategy — the largest corporate Bitcoin holder — after its top perpetual preferred stock offering, Stretch (STRC), broke from its $100 par value to below $75, raising fears that its dividend model was unsustainable.
Related: Crypto Biz: Bitcoin maximalism meets the realities of capital markets
On Thursday, Bitwise chief investment officer Matt Hougan said the STRC incident squeezed out excess leverage and likely moved the market one step closer to a bottom.
“As the market continues to sort things out, I’m convinced the bottom is closer than ever — and that we will enter a new bull market in the fall.”
Don’t wait for the bottom, analyst says
Swan Bitcoin analyst Adam Livingston noted that Bitcoin is currently trading only 16% above the realized price — the network’s aggregate on-chain cost basis — a level that has historically coincided with strong forward returns of 41% at six months and 81% at 12 months.
Livingston acknowledged that buying Bitcoin right now “feels awful,” but that’s precisely why it’s trading at a discount, he argued.
“Waiting for ‘the bottom’ is a wonderful plan with one flaw. The bottom never announces itself,” Livingston said, recommending investors buy now rather than overpay at the top.
Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves
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