$BTC’s NUPL can still fade lower before the market feels euphoric 🧭

The red euphoria zone is still out of reach, which says this cycle may be maturing without a classic blow-off top. In that setup, liquidity often thins first, whales probe the downside, and sentiment resets before the next real expansion; the chart is breathing like a market that still has one more cooldown phase left.

Not financial advice. Manage your risk and protect your capital.

#Bitcoin #BTC #Crypto #OnChain #NUPL

BTCUSDT

Διην.

73,576.4

-1.18%