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NUPL (Net Unrealized Profit/Loss) showcases total profit or loss of Bitcoin investors by comparing Bitcoin's market value to total purchase price.
Why NUPL Matters
NUPL gauges overall sentiment:
NUPL > 0: Investors profit.
NUPL = 0: No profit/loss.
NUPL < 0: Investors lose.
Bonus:
NUPL >0.5 --> Bull market ahead.
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