Bitcoin's net realized profit and loss has plunged by 97%, nearing zero, according to CryptoQuant analyst @AxelAdlerJr. This significant drop mirrors the situation in June 2022, when Bitcoin's price fell sharply from $30,000 to $16,000. Despite the current downturn, whales remain in profit with a 25%-80% buffer, indicating a lack of panic selling. The market's stability is attributed to the absence of sellers rather than an influx of buyers.