Bitcoin’s Net Unrealized Profit/Loss (NUPL) has declined to 5.1%, down from 8.8%.

#NUPL measures the market’s unrealized profits.

High NUPL signals widespread gains and potential euphoria.

Lower NUPL suggests profit-taking has occurred and risk is resetting.

The recent peak at 11.5% was a clear sign of overheated sentiment.
Now, with NUPL cooling off, the market appears to be in a reset phase — a common foundation for a potential strong rally ahead.
$BTC
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