Don't panic, it's just another shallow exploration of the BTC bull-bear dividing line 😏

The indicator in the chart is the ratio of realized profit to realized loss on the Bitcoin blockchain (24-hour MA). When this indicator is > 1, it is a green line; < 1 is a red line; = 1 is the bull-bear dividing line.

Note: Realized Profit on the Bitcoin blockchain refers to the actual profit (in USD) obtained from Bitcoin that has moved on-chain over a period of time relative to its buying cost; Realized Loss on the Bitcoin blockchain refers to the actual loss incurred (cutting losses) from Bitcoin that has moved on-chain over a period of time relative to its buying cost.