Profitable vs loss-making block cohorts with bottoming flags — Profitable ÷ loss-making historical block cohorts; blue flags mark ratio below 10
Bitcoin price beside the ratio of historical Bitcoin block cohorts currently above their daily-close cost basis to cohorts below it, plus causal 7, 90 and 365-day averages.
High readings mean profitable block cohorts dominate. A ratio below 10 activates the blue flag zone: an early market-clean-up condition that appeared around prior bottoming processes. The 365-day average shows whether that reset is becoming structural.
This is a transparent KOTE daily-close reconstruction: every block mined on one UTC day shares that day’s closing price. A flag starts a watch window; it does not confirm the exact low or provide financial advice.