Bitcoin had an exciting weekend filled with sharp volatility and historic price movements, leaving the market buzzing with anticipation. The cryptocurrency pushed above the $108,000 mark, reaching a new all-time high (ATH) of $109,350. However, the rally was met with resistance, and Bitcoin quickly retraced to as low as $99,400 before recovering. The dramatic swings created a mix of optimism and uncertainty as the weekend closed.
Analyst Axel Adler provided valuable insights into Bitcoin’s current state, focusing on the Net Unrealized Profit/Loss (NUPL) metric among miners. According to CryptoQuant data, the NUPL is currently at 0.5, a level that historically signals room for further growth. This metric measures the unrealized profits and losses in the market, offering a glimpse into whether a cycle top is
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