Bitcoin Short-Term Holder Net Unrealized Profit/Loss (NUPL) Has Entered the Loss Zone
According to a report by Jinse Finance, a chart released by glassnode shows that the Bitcoin Short-Term Holder Net Unrealized Profit/Loss (NUPL) has entered the loss zone, indicating that recent buyers are under pressure. Historically, capitulation sell-offs by Short-Term Holders (STH) often mark a market reset phase, which typically lays the foundation for a new round of asset accumulation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Government Shutdown Pressures the Dollar, Indicators Show Further Downside Risk for USD
Metaplanet surpasses Bitcoin Standard Treasury to become the world's fourth largest public company holding bitcoin
Data: BTC market dominance rises in sync with price recovery, BTC-led rallies are more sustainable
RECALL announces tokenomics: total supply of 1 billion tokens, with 30% allocated to the community and ecosystem.
Trending news
MoreCrypto prices
More
