According to CoinMeta, as analyzed by analyst Axel Adler Jr, Bitcoin has seen its profit-to-loss ratio rebound above 1 for the first time since the end of July after 90 days. The proportion of unprofitable trades has decreased from 18.57% on August 16 to 7.35%, a reduction of about 60%. The current ratio is at the break-even point. During the 2022-2023 bear market phase, this ratio remained below 1 for 241 days, dropping as low as 0.368.