Using NUPL, we can identify the Euphoria phase of a bull mar

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Using NUPL, we can identify the Euphoria phase of a bull market when unrealized profits exceed half the market capitalization (NUPL > 0.5). In the 2020-21 cycle, this phase started 8.5 months after the Bitcoin halving and lasted 10.5 months. However, in this cycle, #NUPL reached 0.5 about 6.5 months before the halving. #ETHETFS #BTC #bitcoinhalving

Using NUPL, we can identify the Euphoria phase of a bull market when unrealized profits exceed half the market capitalization (NUPL > 0.5). In the 2020-21 cycle, this phase started 8.5 months after the Bitcoin halving and lasted 10.5 months. However, in this cycle, #NUPL   reached 0.5 about 6.5 months before the halving.
#ETHETFS  #BTC  #bitcoinhalving  