Bitcoin’s net unrealized profit/loss (NUPL) is at 0.158, with its 100-day exponential moving average at 0.215 and its 30-day exponential moving average at 0.155, according to CryptoQuant analyst thechessONCHAIN. According to ChainCatcher, the analyst said the 30-day average crossed below the 100-day average on June 2, indicating weakening market momentum.
Despite the crossover, both moving averages remain above the zero line, suggesting the NUPL metric is still in positive territory.
CryptoQuant Analyst thechessONCHAIN: Bitcoin NUPL Signals Weakening Momentum After June 2 Crossover
2026-07-08 02:24:02
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