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The worst chart for bitcoin bulls right now

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The worst chart for bitcoin bulls right now

For 14 years, one ratio only moved in bitcoin's favor. Now it has decisively turned the other way and bulls may not like what it means.

The worst chart for bitcoin bulls right now

Source：CoinDesk

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Source：https://www.coindesk.com/markets/2026/08/05/the-worst-chart-for-bitcoin-bulls-right-now