Ad
News
The market is still in profit despite Bitcoin’s price slump The market is still in profit despite Bitcoin’s price slump

The market is still in profit despite Bitcoin’s price slump

with insights from CryptoQuant

Bitcoin holders maintain an optimistic outlook as NUPL remains in positive territory despite recent volatility.

The market is still in profit despite Bitcoin’s price slump

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The world of Bitcoin is never short of drama—its recent pullback to $90,000 left many wondering about the market's health. Although it quickly rebounded to over $96,000, key on-chain indicators like Net Unrealized Profit/Loss (NUPL) and the percentage of supply in profit have unveiled deeper signs of stress. These metrics, crucial for gauging market sentiment, show a softening in exuberance while still indicating strong fundamental support. But how do these figures really reflect Bitcoin holders' confidence and what's their hidden message about the market's resilience? Discover the underlying currents that are shaping the future of Bitcoin...

To read the rest of this article, connect your Solana wallet or learn more about CryptoSlate Alpha.

Unlock this story with CryptoSlate Alpha

This story is only available for CryptoSlate Alpha members. CryptoSlate Alpha is a web3 membership built to empower you with cutting-edge insights and knowledge, built in partnership with Access Protocol.

Included in your membership
Exclusive Research & Analysis
Crypto, Macro & DeFi Insights

⚡️ CryptoSlate Alpha requires a one-time purchase of our membership NFT using SOL, the native token of Solana. Connecting your Solana wallet is required to complete the purchase. CryptoSlate is proud to be a launch partner and grant recipient of Access Protocol. For more information, see our terms page.

Hide All Glossary Terms