US EditionBitcoin Long-Term Holders’ Profits Mimic $85K Era
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Bitcoin Long-Term Holders’ Profits Mimic $85K Era
Bitcoin’s long-term holders are currently sitting on profit margins reminiscent of when the cryptocurrency was trading at $85,000. This revelation, drawn from on-chain data, has sparked intrigue and debate among market analysts. The Net Unrealized Profit/Loss (NUPL) for Bitcoin long-term holders has returned to 0.69, a level last seen in April when Bitcoin was trading at significantly lower prices. Source
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