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2025-02-14
14:11
Bitcoin's LTH NUPL Indicates Euphoria Phase in Current Market Cycle

According to @glassnode, Bitcoin's Long-Term Holder (LTH) Net Unrealized Profit/Loss (NUPL) has been above 0.75 for approximately 31 days, with an average of 0.76. Historically, euphoria phases in market cycles have lasted 450, 385, and 228 days, respectively, with a decreasing NUPL average from 0.91 to 0.89 to 0.85. This suggests a potential continuation of the euphoria phase, which could impact trading strategies related to Bitcoin's market trends.

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