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NUPL analysis shows Bitcoin market in healthy state with unrealized profits

inside November monthly report, we talked about the Net Unrealized Profit/Loss (NUPL) indicator which shows that the market is in a healthy state of unrealized profit compared to previous cycles. We can subdivide that indicator into short-term and long-term holding groups.

For short-term stock holders, one of the biggest short-term concerns is more and more unrealized losses in the market. As the price continues to hover below the short-term holding cost base around $53,000, there is an increased risk that many new buyers who invest and sell their bitcoins suffer a loss, driving the price lower. This could be a bear market forming or an opportunity for holders to buy cheaper bitcoin.

https://bitcoinmagazine.com/markets/nupl-shows-bitcoin-market-healthy NUPL analysis shows Bitcoin market in healthy state with unrealized profits

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