The NUPL metric, which gauges the proportion of unrealized profits held by investors, is currently reaching its third peak in the cycle. This time, the market’s growth is following a more gradual, step-by-step trajectory, driven largely by institutional investments. Despite this, each surge is yielding a diminishing percentage of profit, potentially curbing the likelihood of sharp price spikes but paving the way for a more sustained bull market.
Bitcoin CryptoRank: NUPL Metric Indicates Prolonged Bull Market with Changing Profit Trends
