The P/L Block metric has once again reached extreme stress levels for the second time in the current cycle. Unlike in 2021, when similar stress led to a Bitcoin price drop from $63K to $30K (-52%), the market now shows significantly greater resilience: at comparable stress levels, the price remains above $100K.
This reflects a more mature market structure, a growing share of institutional participants, an increasing number of long-term holders, and a more evenly distributed liquidity base. The market’s fundamental foundation is now considerably stronger.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The P/L Block metric has once again reached extreme stress levels for the second time in the current cycle. Unlike in 2021, when similar stress led to a Bitcoin price drop from $63K to $30K (-52%), the market now shows significantly greater resilience: at comparable stress levels, the price remains above $100K.
This reflects a more mature market structure, a growing share of institutional participants, an increasing number of long-term holders, and a more evenly distributed liquidity base. The market’s fundamental foundation is now considerably stronger.