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Bitcoin Market Shows New Profit Pattern With Gradual NUPL Growth
Gate News bot message, the Net Unrealized Profit/Loss (NUPL) metric in the cryptocurrency market is currently forming its third peak of the cycle, demonstrating a distinct pattern from previous market cycles. The current growth exhibits a “stepwise” pattern, marking a significant shift in market behavior.
The metric, which measures the proportion of unrealized profits among cryptocurrency holders, has displayed a more gradual and sustained increase rather than the sharp spikes observed in past cycles.