This indicator calculates the average of historical NUPL percentiles Long-Term Holders and Short-Term Holders, capturing the degree agreement between two cohorts regarding the level unrealized profit/loss.
When both cohorts agree simultaneously, it sends a more robust signal of cycle bottom or top than the metrics considered in isolation.
NUPL is the component still not reaching the historical bottom range — historically values below 0 have signaled periods capitulation #bitcoin
However, the indicator is very close to that range while #BTC price remains at base of last bottom formed ~$60k
NUPL is one more component of index aligned with six other indicators to signal periods of accumulation/distribution — during the recent bull market IBCI did not reach 100 and market reversed in the same way — there is nothing preventing this same behavior from occurring in current bear market.
The most important thing is to accumulate or distribute over time during these signaled periods, rather than simply waiting for an absolute value to trigger action.
The indicator has not yet reached the -25 -30 region, which historically has marked the depth of funds #BTC
This indicator is derived from the IBCI by calculating divergence between a fast/slow average to capture acceleration/deceleration of main indicator’s components, which are key on-chain metrics.
Confirmation of a trend reversal is clear when there is a change in the indicator’s polarity. In the current case bear market will only end when the indicator returns to positive values🟢
As the negative values become less extreme, they may signal an early reversal, though this signal has not yet materialized.
Stock-to-Flow in history of #bitcoin was more undervalued at other times than in the current bear market, even though it reached -2.0 range again
Historically, these deviations in bull/bear market from the current price and fair price of S2F model always occurred and tend to repeat because the market is dynamic.
This indicator quantifies how much price #BTC is deviating from the model on a logarithmic scale, normalized against annual history using a 365-day rolling Z-score — a good option for capturing extreme peaks
Following the pattern #BTC cycles, this indicator calculates percentage price retracement from most recent ATH toward the previous cycle low, since lows tend to form near previous ATH.
Historically, values above 78 have marked Bitcoin bottoming zones.
The indicator reached 100% on three other occasions in history: 2012, 2018, 2022 — and now.
#bitcoin $54k price range concentrates large clusters of long liquidation orders
It is an extremely important region with the realized LTH price situated in this range, in addition if #BTC reaches this price, the Strategy position will be at -30% unP/L increasing FUD around Saylor's strategy and attracting selling volume to market.
Keeping an eye on $58k 👀 — the last key level in current subcycle. If broken, the price BTC will likely move towards the long-awaited ~$54k