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VanEck Research Director: Bitcoin's net unrealized profit and loss is about to break through 0.5, which is a key sentiment shift

CointimeCointime2024/07/15 13:04
By:Cointime

Matt Sigel, the head of digital asset research at VanEck, posted on social media stating that Bitcoin's net unrealized profit/loss (NUPL) is about to break through 0.5, which is a key emotional turning point. When this happened last on February 8th, Bitcoin rose from $45,000 to $73,000 (+62%) over a period of 34 days.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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