Bitcoin Indicator Shows Market Far From Overheating – Details

Quick Summary:

Bearish Divergence That Led To Market Crash Last Cycle Returns Bitcoin Has More Room For Growth, No Euphoria Yet – Analyst The aNUPL indicator is a crypto trading metric used to assess the market sentiment and potential price movements.

As the name implies, it modifies the traditional Net Unrealized Profit/Loss by considering market behavior over time, thereby determining if investors’ unrealized profits or losses are sustainable or merely speculative.According to Adler Jr., Bitcoin’s aNUPL currently stands at 0.4, indicating that investors are holding a significant amount of accumulated profit, which represents a healthy but controlled level of market optimism.

According to its daily trading chart, Bitcoin is currently valued at $100,824 following a 1.72% decline in the past day.  The asset’s Relative Strength Index currently stands at 50.43 which shows room for higher price levels before entering the overbought zone, thus aligning with Axel Adler’s postulation.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: United Kingdom

Topics: Btcusd Bitcoin Axel Adler Jr BTCUSDT Bitcoin aNUPL Bitcoin market overheating Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 13:30:33 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 61 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25729996

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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