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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin NUPL Suggests Bear Market Yet To Hit In Full Swing

Keshav Verma
Keshav Verma
1 year ago
3 mins read
Bitcoin

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 NUPL metric currently has values that would suggest the bear market is yet to hit in full swing, if the coin is in one.

Bitcoin NUPL Value Still Not As Low As Previous Bear Markets

As pointed out by an analyst in a CryptoQuant post, the BTC NUPL metric suggests market hasn’t neared a bear market bottom yet.

The “net unrealized profile/loss” (or NUPL in short) is an indicator that tells us about the ratio of profit and loss in the Bitcoin market.

The metric’s value is calculated by taking the difference between the market cap and the realized cap, and dividing it by the market cap.

When the NUPL has a value greater than zero, it means there are more coins in profit than ones in loss at the moment.

On the other hand, negative values of the indicator imply that investors are, on average, in a state of loss right now.

Related Reading | Bitcoin Bullish Signal: Exchange Reserve Loses Another 50k BTC Over Past Week

Now, here is a chart that shows the trend in the Bitcoin NUPL over the history of the crypto:

Bitcoin NUPL

Looks like the value of the indicator is still above zero | Source: CryptoQuant

As you can see in the above graph, the Bitcoin NUPL metric has often been able to predict top and bottom formations through its various colored zones.

In the previous bear markets, the indicator’s value has usually fallen off below zero (blue) as a bottom approached.

In the lead up to these bearish periods have been the yellow and green phases, but currently the NUPL still looks to be in the yellow zone.

This may mean that if Bitcoin has already entered into a bear market, it has still some ways to go before total capitulation and bottom formation.

Related Reading | What’s Bitcoin Role After End of Petrodollar System? Arthur Hayes Says

However, it’s worth noting that there have been instances before where the indicator dropped into the yellow zone after a bull rally, but then jumped back up soon after as the bullish trend continued, indicating a mid-cycle bottom formation instead.

The latest example of this was during the mini-bear period of May-July 2021, where the coin bottomed at around $28k and rallied on to a new ATH.

BTC Price

At the time of writing, Bitcoin’s price floats around $41.4k, up 6% in the past week. Over the last month, the crypto has gained 8% in value.

The below chart shows the trend in the price of the coin over the past five days.

Bitcoin Price Chart

The price of the crypto seems to have held above $40k over the past couple of days | Source: BTCUSD on TradingView
Featured image from 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

SOLX

仮想通貨投資の新たな主役:Solaxyがプレセールで5,000万ドル目前、クジラも9万ドル以上購入

Solana初のLayer 2ソリューションである**Solaxy($SOLX)**が、公式ローンチまで残り2日を切った今、プレセールで5,000万ドル目前という驚異的な成果を達成しています。 すでに...

Yohei Hanazato 3 hours ago
Snorter

仮想通貨 1000倍の可能性:Snorter Tokenが1か月で100万ドル突破、ミームトレーダー必携の最強ボット登場

Snorter Token($SNORT)のプレセールが、わずか1か月あまりで100万ドルを突破しました。しかもその勢いは衰えず、多くの投資家がこの仮想通貨プロジェクトに熱狂しています。 このトークン...

Yohei Hanazato 3 hours ago
SolaxySO

ico 仮想通貨:Solaxy(SOLX)最終購入チャンス到来 ― 上場&請求前に$53M調達

Solaxy(SOLX)は正式にプレセールを終了しましたが、初期支援者にはもう一度だけチャンスがあります。7日間限定で、上場価格と同じ$0.001764でSOLXを購入できるラストチャンスです。 この...

Yohei Hanazato 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 price news

Buy Bitcoin Now? Not Yet—Analyst Says Time Holds The Key

Jake Simmons 1 hour ago
Bitcoin

Analyst Says Bitcoin Price Could Rise 3x To $300,000 As AVIV Levels Resemble Previous Bull Cycles

Scott Matherson 2 hours ago
bitcoin cena

仮想通貨に強気相場到来か|6月に注目のアルトコイン3銘柄

Yohei Hanazato 3 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Top 3 kryptoměny k nákupu před koncem léta — jedna stojí pod $0,04 a překonává Sui (SUI)

    Top 3 kryptoměny k nákupu před koncem léta — jedna...

    6 hours ago
  • Top 3 kryptomeny na kúpu pred koncom leta — Jedna stojí menej než 0,04 USD a prekonáva Sui (SUI)

    Top 3 kryptomeny na kúpu pred koncom leta — Jedna stojí...

    6 hours ago
  • Top 3 kriptó, amit megéri megvenni a nyár vége előtt — az egyik 0,04 dollár alatt van és felülmúlja a Sui-t (SUI)

    Top 3 kriptó, amit megéri megvenni a nyár vége előtt...

    8 hours ago
  • Top 3 opkomende crypto memes met toekomst terwijl SHIB & DOGE dalen – nu memecoins kopen?

    Đã Đến Lúc Bán Pepe Khi Giá Giảm 18%? Presale...

    9 hours ago
  • Como identificar criptomoedas baratas e promissoras

    Top 4 Các Đồng Coin Tiềm Năng Tháng 6 – Liệu...

    9 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.