coin-img-ETHETH-2.72%coin-img-BTCBTC-0.76%coin-img-SOLSOL-1.59%coin-img-ROBOROBO-2.71%coin-img-KATKAT+1.53%coin-img-AITOAITO-4.09%coin-img-CRKCRK-68.92%coin-img-XRPXRP-1.57%coin-img-ETHETH-2.72%coin-img-BTCBTC-0.76%coin-img-SOLSOL-1.59%coin-img-ROBOROBO-2.71%coin-img-KATKAT+1.53%coin-img-AITOAITO-4.09%coin-img-CRKCRK-68.92%coin-img-XRPXRP-1.57%coin-img-ETHETH-2.72%coin-img-BTCBTC-0.76%coin-img-SOLSOL-1.59%coin-img-ROBOROBO-2.71%coin-img-KATKAT+1.53%coin-img-AITOAITO-4.09%coin-img-CRKCRK-68.92%coin-img-XRPXRP-1.57%coin-img-ETHETH-2.72%coin-img-BTCBTC-0.76%coin-img-SOLSOL-1.59%coin-img-ROBOROBO-2.71%coin-img-KATKAT+1.53%coin-img-AITOAITO-4.09%coin-img-CRKCRK-68.92%coin-img-XRPXRP-1.57%
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Scott Matherson

Bitcoin NUPL Nears Prior Cycle-Bottom Zone as BTC Trades at $74,220

Bitcoin’s Net Unrealized Profit/Loss (NUPL) indicator is moving back toward a region that has aligned with the 2015, 2018, and 2022 cycle lows. BTC recently pushed above $70,000 into the mid-$70,000s, while the NUPL reading cited is 22.9, and Bitcoin was last noted trading at $74,220, up 1.3% over 24 hours. An analyst argues the pattern could imply further sentiment reset is still needed before a long-term bottom is confirmed.
BTC
BTC-0.76%
ETH
ETH-2.72%
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Technical Analysis