I've forgot this data. The NUPL(Net Unrealized Profit/Loss) shows market conditions well than I thought such as the MVRV Z Score and Realized market cap holder waves.
The NUPL is around 60%, which means the current crypto market condition is in the orange zone. That probably means the BTC(Bitcoin) price is still potential to increase more. When the NUPL was more than 75%, it's been the cycle tops.
Let's see the historical period when the NUPL surpassed 60% and reached 75%. It takes around 6 months. So, that's the reason why I'm still positive of the current market. When it comes to long-term investment in crypto, on-chain analysis is better than chart analysis 😎
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Congratulations, your post has been upvoted by @upex with a 100.00% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex
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Beautiful piece
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