According to Odaily, Matt Sigel, Head of Digital Asset Research at VanEck, announced on the X platform that Bitcoin's Net Unrealized Profit/Loss (NUPL) is approaching 0.5, indicating a significant sentiment shift. The last occurrence of this was on February 8, when Bitcoin surged from $45,000 to $73,000 within 34 days, marking a 62% increase.
Bitcoin NUPL Nears Key Sentiment Shift
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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