#Bitcoin NUPL Indicator Update 🔻


📝 NUPL sits at 0.32, indicating overall market profitability between Optimism (0.25) and Greed (0.50). This represents a decline from recent peaks.
📍 The indicator is trending downwards, reflecting a shift in sentiment with $BTC price around 79k. We remain in net profit, but closer to the Optimism zone.
💡 Watch for further moves towards the 0.25 Optimism line or the 0.0 Break-even level as these signal increasing pressure on holder profitability.
BTC-3.1%
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