NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

Bitcoin Bullish Signal: NUPL Is Forming A Golden Cross

Keshav Verma
Keshav Verma
Last Updated: June 11, 2024 6:50 am
3 mins read
Bitcoin Bull

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

On-chain data shows the Bitcoin Net Unrealized Profit and Loss (NUPL) is forming a golden cross, a sign that could be bullish for the price.

Bitcoin NUPL 60-Day MA Has Crossed Above 365-Day MA

An analyst in a CryptoQuant post pointed out that this crossover pattern has been repeated multiple times since 2013. The “Net Unrealized Profit and Loss” (NUPL) is an indicator that tells us about the amount of unrealized profit or loss that Bitcoin investors are currently holding.

By “unrealized,” what’s meant here is that holders have yet to sell/transfer their coins to harvest the profit or loss they have accumulated. If the investors were to sell these coins, the same amount of profit/loss they were carrying would become “realized.”

The NUPL calculates this unrealized profit/loss by subtracting the realized cap (a capitalization model for BTC that accounts for the price at which each coin on the chain was bought) from the market cap. The metric then simplifies this value by dividing it by the market cap.

When the metric has a positive value, the average investor holds an unrealized profit, while negative values suggest unrealized losses dominate the market. Naturally, the indicator having a value equal to zero implies the holders are just breaking even currently.

Related Reading

Bitcoin

Bitcoin Binary CDD Approaches Breakout That Historically Kicked Off Bull Rallies

1 year ago

Here is a chart showing the trend in two moving averages (MAs) of the Bitcoin NUPL: the 60-day and 365-day versions.

Bitcoin NUPL

Looks like these two metrics have crossed each other in recent days | Source: CryptoQuant

BTC has observed strong bullish momentum whenever the 60-day MA crosses over the 365-day MA. There have been some exceptions, however. In the above graph, the quant has marked the relevant points of the trend for the 60-day and 365-day MAs of the Bitcoin NUPL.

The graph shows that the last time this kind of crossover took place was in late 2021 when the bull run of this cycle was at its top. But not too long after, the opposite type canceled this golden crossover, and BTC only saw a bearish effect.

Recently, the MAs of the Bitcoin NUPL have once again started to form the bullish crossover formation. This time, at least so far, the breakout looks like a proper one as the 60-day has sharply surged above the 365-day already, unlike the previous instance, where the former never gained too much height above the latter before curling back in and forming the opposite crossover.

Related Reading

Ark Invest Analyst Believes Bitcoin Could Reach $1 Million, But How?

Here’s When Messari CEO Ryan Selkis Expects Bitcoin To Reach $100,000

1 year ago

If the latest golden cross indeed ends up being the real thing, then BTC may be gearing up for a strong bull rally if the historical pattern is anything to go by.

BTC Price

At the time of writing, Bitcoin is trading around $26,600, up 34% in the last week.

Bitcoin Price Chart

BTC seems to have surged recently | Source: BTCUSD on TradingView
Featured image from Dylan Leagh on Unsplash.com, charts from TradingView.com, CryptoQuant.com
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Trail Ends: $29M Seized After European Authorities Shut Down Cryptomixer

Authorities in Europe have shut down a large crypto mixing service and seized a major amount of Bitcoin, according to...

Christian Encila 3 hours ago
hardcore-poker-strategy-winning-tips

骨灰級玩家的德州撲克盈利心得:位置、概率、心理的策略

從線下牌桌一路磨到線上高額桌,經歷十多年對局後,更能感受到德州撲克並非一般人以為的“靠運氣賭博”。真正的高手靠的是資訊優勢、概率計算、行為判斷與長期紀律。大多數玩家失敗,不是因為牌差,而是因為他們不理...

newsbtc 3 hours ago
Bitcoin Price Gains Steam

Bitcoin Rallies Into Resistance With Traders Watching for Breakout Confirmation

Bitcoin price started a fresh increase above $90,000. BTC is now testing the key barrier at $93,000 and might attempt...

Aayush Jindal 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin (BTC) Price In A ‘Vulnerable Technical Environment’ – Key Levels To Watch

Rubmar Garcia 1 hour ago
Bitcoin Liquidation Dominance Hits Multi-Year High: The Real Cause Behind BTC’s Breakdown

Bitcoin Liquidation Dominance Hits Multi-Year High: The Real Cause Behind BTC’s Breakdown

Sebastian Villafuerte 2 hours ago

加密圈下一個“RollerCoin”?PepeNode 的 GameFi 新玩法初現熱度 早期勢頭強勁

newsbtc 3 hours ago

Premium Sponsors

Press Releases

  • ETHが2,800ドル付近で停滞、次の重要局面はどこか

    ...

    13 hours ago
  • 市場不安の中で見える次の価格シナリオとは

    ビットコイン...

    13 hours ago
  • アルトコイン 注目銘柄:Cantor Fitzgerald の Solana ETF 計画で浮上する買い候補とは

    アルトコイン 注目銘柄:Cantor Fitzgerald の...

    15 hours ago
  • シバコイン...

    15 hours ago
  • ドージコイン 今後:専門トレーダーが予測する大幅反発の可能性とは

    ドージコイン...

    15 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.