The drop in the price of the share #NUPL to around 0.35 - the lowest level since 2023 - indicates that the market may have exited the zone of comfort. Unrealized profits have quickly shrunk, which always raises concerns about sentiment.
But here is the positive side:
This is the same zone where previous cycles settled before recovering. When the NUPL share price reaches this low level during an upward trend, it usually indicates the waning of excessive enthusiasm and a return of the market to a healthier state.
Wallets have become closer to neutrality, and emotions have started to calm down, and the next step will not be based on euphoria - but on real demand.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#بيتكوين just entered a high sensitivity zone.
The drop in the price of the share #NUPL to around 0.35 - the lowest level since 2023 - indicates that the market may have exited the zone of comfort. Unrealized profits have quickly shrunk, which always raises concerns about sentiment.
But here is the positive side:
This is the same zone where previous cycles settled before recovering. When the NUPL share price reaches this low level during an upward trend, it usually indicates the waning of excessive enthusiasm and a return of the market to a healthier state.
Wallets have become closer to neutrality, and emotions have started to calm down, and the next step will not be based on euphoria - but on real demand.
The market may be fragile, but it is also in the process of recovery.
Recovery operations are often the starting point for stronger trends. 👀
#BTCVolatility #USJobsData #FOMCWatch
$SOL
$BTC
$ETH