BEARISH 📉 : Bitcoin NUPL falls to 0.18 amid investor uncertainty

The Bitcoin Net Unrealized Profit/Loss (NUPL) has recently dropped to 0.18, indicating thinner profits on the network compared to previous levels.

Bitcoin NUPL is an indicator comparing unrealized profit and loss among investors.
NUPL above 0.5 during 2024 and 2025 rallies indicated high net profits relative to market cap.
The current level of 0.18 suggests profits are still present but significantly reduced.
This level falls within a "hope/fear" region where investor sentiment can quickly shift, affecting market dynamics.
A similar drawdown occurred during the 2022 bear market, leading to extreme fear and net losses for many investors.

Currently, Bitcoin's price saw a decline to $65,000 but rebounded to $69,000.

Bitcoin Price Chart

Further movements in the NUPL and Bitcoin price will be crucial to observe for future market trends.