Data shows that there is currently $611 million in realized losses against $346 million in profit, which results in a net Profit and Loss (PnL) of -$264M on a weekly basis. This pattern frequently appears during significant corrections, when the most extreme selling starts to wane, but the market is still processing the effects of recent drops.
Even though the market remains in the negative territory, this profit and loss divergence highlights a clear improvement in the situation. On February 7, Darkfost highlighted that the weekly average PnL was sitting at approximately $2 billion, marking a clear capitulation as Bitcoin’s price fell below the $60,000 level.
Funding Rates Are Showing A Negative Trend
