#CreatorPad

NUPL forms the third peak of the cycle — a signal for a change in market dynamics

📊 The Net Unrealized Profit/Loss indicator, showing the share of investors in profit, is drawing the third peak within a single cycle for the first time in Bitcoin's history. Previously, there was one peak in 2017 and two in 2021.

🕓 The current growth is occurring in "steps," without sharp impulses, which analysts associate with the influx of institutional capital through American BTC-ETFs. This makes the market more liquid and stable, but reduces the amplitude of price jumps.

⚡️ Such a scenario may delay the formation of the final peak of the cycle, but super-fast rallies will become rare. For long-term investors, this means that betting on patience and discipline is more important than hunting for short-term profit explosions.