Bitcoin: PnL index and NUPL metric suggest that BTC bottom is...
Investors taking long positions on BTC were currently dominant.
price. A glance at several important measures can help point one in the correct way when trying to make sense of the rumors and theories surrounding the king coin and its future move.When discussing the behavior of prices, the term “bottom” refers to the point at which prices have dropped to their lowest before beginning to move upwards again.from CryptoQuant stated that king coin’s bottom is yet to be reached.
Examining Glassnode’s NUPL metric revealed that the currency was below zero, signaling a loss in holdings.Even though the PnL and NUPL charts presented what appeared to be a gloomy view, investors continue to be optimistic about a price increase for BTC.
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