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coinpedia 2024-06-06 07:42:18

Bitcoin’s Upycle Going Strong as NUPL Stay Bullish

The post Bitcoin’s Upycle Going Strong as NUPL Stay Bullish appeared first on Coinpedia Fintech News Bitcoin has surged past the $71,000 mark, supported by robust market indicators. The Net Unrealized Profit/Loss (NUPL) for short-term holders currently stands at 0.13, well below the critical 0.4 threshold, which has historically marked bearish turnarounds. The peak of this cycle is 0.29, far from the all-time high of 0.57. The 0.4 level has triggered …

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