đđ€ #BTC CQ: Bitcoin Net Unrealized Profit (NUP) is contracting - the unrealized profit range has been narrowing since March 2024.
This means: emotions have cooled down, the crowd is neither in euphoria nor in panic. Each new rally brings less and less profit. The market is like a compressed spring. The longer the compression, the stronger the next surge will be.
The market has entered a phase of neutral equilibrium and is setting the stage for a new impulse, the direction of which will be determined in the near future.