Murphy: BTC seller ' s failure index first entered the extreme failure zone

According to a communication from trader Murphy, the latest indicator for Glassnode shows that the BTC seller's failure index has entered the “extreme failure zone” for the first time in the bear market in the current round, which measures both low volatility and high losses. He argued that, while historically similar signals usually appeared at the bottom of the bear market, the first trigger did not necessarily correspond to an absolute low point if the subsequent price maintained a shock or continued to decline, while the index was no longer new and low, the historical certainty of the second signal was usually higher。