The Bitcoin profitability stress ratio, which measures the relative size of lossmaking supply and reflects market stress, has now reached 0.23, its highest level since last September, according to Glassnode. Glassnode points out that historically, a level above 0.2 usually marks a period of heightened market stress. If the value continues to rise, it could signal a further increase in market stress, potentially reinforcing a broader shift in market sentiment.