NUPL Suggests A More Steady Rise in Crypto

A new analysis suggests that the current crypto bull market may be more sustainable than previous cycles due to a shift in investor behavior. NUPL, an indicator of overall market sentiment, reveals a calmer climb without the extreme price spikes seen previously. This suggests a move from impulsive trading to more strategic buying and selling. The Net Unrealized Profit/Loss (NUPL) is calculated by comparing the current market value of crypto assets to their acquisition cost. A positive NUPL indicates investors are profitable while negative signifies losses, offering insights into market sentiment.