The post Bitcoin’s Upycle Going Strong as NUPL Stay Bullish appeared first on Coinpedia Fintech News
Bitcoin has surged past the $71,000 mark, supported by robust market indicators. The Net Unrealized Profit/Loss (NUPL) for short-term holders currently stands at 0.13, well below the critical 0.4 threshold, which has historically marked bearish turnarounds. The peak of this cycle is 0.29, far from the all-time high of 0.57. The 0.4 level has triggered bearish reversals nearly five times before, indicating we are not near the end of the bull cycle.
