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