Has the Bitcoin rise ended?
Detailed market analysis based on NUPL data
The attached image shows important data about Bitcoin (BTC) movement from March 2024 to July 2025, focusing on the NUPL (Net Unrealized Profit and Loss) for both Short-Term (STH) and Long-Term (LTH) investors.
These data highlight the market dynamics between investors making short-term decisions and those with a long-term vision.
What do the data tell us?
1. Long-Term Investors (LTH):
✔️ The NUPL index for long-term holders shows they are in a strong profit zone (above 0.5), reflecting strong confidence in holding Bitcoin for the long term.
✔️ This category is considered the backbone of the market, showing significant stability and contributing to price support at high levels.
2. Short-Term Investors (STH):
✔️ The NUPL index for Short-Term holders shows fluctuations near low profit levels, indicating temporary selling pressure during price increases.
✔️ This category often causes short-term corrections, but it does not significantly affect the overall market trend.
3. Current price:
What does this mean for investors?
✅ 96% of the supply is in profit:
This figure shows market strength, but it is considered a double-edged sword.
1️⃣ On one hand, strong investors continue to hold.
2️⃣ On the other hand, unrealized profits tempt some investors to sell, causing temporary pressure on the price.
As for #momentum, it needs to reset:
The market is experiencing a period of slowdown, but this is not a crash, and Bitcoin shows resilience, indicating a potential return of bullish momentum soon.
Has the Bitcoin rise ended?
The answer is simply: no.
The overall market trend remains bullish, supported by the confidence of long-term investors. Short-term corrections are seen as opportunities to reset momentum, not indicators of the end of the rise.
Are you ready to take advantage of these opportunities? Share your thoughts in the comments.