⁉️ The altseason may end before it even starts

📊 The NUPL index (net unrealized profit/loss) shows the ratio of profitable and unprofitable positions of all holders.

🔴 When the value is above 0, most coins are in profit — and this often leads to a wave of selling.

📌 In 2017 and 2021, NUPL peaks almost coincided with market tops.

⚠️ In this cycle, the indicator is already trying to reach a third peak.

✔️ Conclusion: if history repeats itself, we may see profit-taking earlier than a full-fledged altseason begins. Traders should be cautious with long positions on altcoins and prepare a plan of action in case of a reversal.