Bullish.

$BTC NUPL sits at 0.29, now fully back in neutral territory.

This cycle never formed a real top.

The max NUPL only reached 0.635, far below the 0.75 zone where cycle tops usually appear.

The overheated phase is gone.

The real rally toward the cycle top begins now. 🚀

IranRejectsSecondRoundTalks #AltcoinRecoverySignals? #ARKInvestReducedPositionsinCircleandBullish #Kalshi’sDisputewithNevada