The world of Bitcoin is never short of drama—its recent pullback to $90,000 left many wondering about the market's health. Although it quickly rebounded to over $96,000, key on-chain indicators like Net Unrealized Profit/Loss (NUPL) and the percentage of supply in profit have unveiled deeper signs of stress. These metrics, crucial for gauging market sentiment, show a softening in exuberance while still indicating strong fundamental support. But how do these figures really reflect Bitcoin holders' confidence and what's their hidden message about the market's resilience? Discover the underlying currents that are shaping the future of Bitcoin...
The market is still in profit despite Bitcoin’s price slump
01/15/2025 08:30
Bitcoin holders maintain an optimistic outlook as NUPL remains in positive territory despite recent volatility.
The market is still in profit despite Bitcoin’s price slump 16 seconds ago · 2 min read
Bitcoin holders maintain an optimistic outlook as NUPL remains in positive territory despite recent volatility.
2 min read
Updated: Jan. 15, 2025 at 12:42 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.