🔨 Current realized price of BTC for miners is $53,700
Since the beginning of 2023, the spread between the spot price of BTC and the realized price for miners (NUPL) has been actively widening, reflecting the increase in the marginal profitability of mining
Current value of NUPL = 0.47
According to CryptoQuant estimates, a breakout above 0.5 will lead to an increase in volatility (due to possible selling by miners)
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