(You must hold BTC when speculating in cryptocurrencies. No matter when)

Since Bitcoin hit an all-time high of $73,000 in March, the Bitcoin market has shifted to a broad net allocation model, in which Bitcoin fully demonstrated its liquidity and perfectly adapted to the new demand for market inflows.

According to the NUPL indicator, the Bitcoin market is still in the euphoric stage in the current cycle. But since the price of the currency has consolidated, market sentiment has gradually begun to cool down.

Since Bitcoin hit an all-time high of $73,000 in March, the Bitcoin market has shifted to a broad net allocation model, in which Bitcoin fully demonstrated its liquidity and perfectly adapted to the new demand for market inflows.

According to the NUPL indicator, the Bitcoin market is still in the euphoric stage in the current cycle. But since the price of the currency has consolidated, market sentiment has gradually begun to cool down.

Since Bitcoin hit an all-time high of $73,000 in March, the Bitcoin market has shifted to a broad net allocation model, in which Bitcoin fully demonstrated its liquidity and perfectly adapted to the new demand for market inflows.

According to the NUPL indicator, the Bitcoin market is still in the euphoric stage in the current cycle. But since the price of the currency has consolidated, market sentiment has gradually begun to cool down.

Since Bitcoin hit an all-time high of $73,000 in March, the Bitcoin market has shifted to a broad net allocation model, in which Bitcoin has fully demonstrated its liquidity and perfectly adapted to the new demand for market inflows.

According to the NUPL indicator, the Bitcoin market is still in the euphoric stage in the current cycle. However, since the price of the currency has consolidated, market sentiment has gradually begun to cool down.

Currently, the Bitcoin market continues to consolidate in the range of around $60,000

The short-term holders who are currently in a loss-making state are our focus, and we will use a new sub-indicator combination to analyze the cost basis of these recent buyers.

Among these shorter-term holders (especially recent buyers of Bitcoin assets), the cost basis of the 1-3 month 🟠 and 3-6 month 🟡 groups will become a valuable tool to distinguish between bull and bear market structures. The cost basis of the 1 week-1 month 🔴 group shows that their current situation corresponds to the market inflection point, which helps us find potential local lows (in bull markets) and local highs (in bear markets).