According to Glassnode data, Bitcoin profitability stress ratio has reached 0.23, the highest level since September last year. This indicator is used to measure the relative size of the supply in a loss-making state and reflect market pressure. Glassnode notes that, from historical data, the metric above 0.2 levels usually mark a period of increased market pressure. If this value continues to rise, it may indicate a further increase in market pressure, potentially strengthening a broader shift in market sentiment.