Bitcoin On-Chain Outlook: Profit Exists, Enthusiasm Does Not
This analysis combines two core on-chain metrics: Distribution by Balance (wallet balance segmentation) Block-based NUPL (Net Unrealized Profit/Loss – CDDStamp version) The goal is to clearly determine whether the market is in an uptrend, distribution phase, or a bottoming process. 1. What Does Distribution by Balance Tell Us? Large Wallets (100K+ BTC, 10K–100K BTC) Wallet […]
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