#Bitcoin NUPL Indicator Update 🔻 📝 NUPL sits at 0.32, indicating overall market profitability between Optimism (0.25) and Greed (0.50). This represents a decline from recent peaks. 📍 The indicator is trending downwards, reflecting a shift in sentiment with $BTC price around $79K. We remain in net profit, but closer to the Optimism zone. 💡 Watch for further moves towards the 0.25 Optimism line or the 0.0 Break-even level as these signal increasing pressure on holder profitability.