This Onchain Metric Shows Strengthened Bitcoin Bulls
coingape.com 15 July 2024 08:12, UTC
Bitcoin (BTC) is making a recovery in the market after a period of low sentiments heightened by German asset sales and Mt Gox creditor’s repayments. The Bitcoin Net Unrealized Profit and Loss (NUPL) is above the asset’s 365 daily average signaling a bullish impact on the market. The price highs of BTC in the last six months have led to more projections as on-chain numbers flip positive.