Overview
- Alphractal founder Joao Wedson spotlights a long‑range chart of Long‑Term Holder Net Unrealized Profit/Loss, with the current reading near 0.36 indicating aggregate profits for seasoned holders.
- Wedson’s historical mapping shows major bull cycles typically followed periods when Long‑Term Holder NUPL fell below zero, a red zone associated with late‑bear capitulation.
- Yahoo Finance reports Bitcoin price action stalling near $68,000 as long‑term holders keep supply stable and a dense support band persists around the mid‑$60,000s.
- A CryptoQuant analysis by Darkfost notes a rise in identified accumulator addresses and estimates roughly 372,000 BTC in average monthly accumulation, pointing to ongoing supply absorption.
- Despite a recent decline in the NUPL trend, assessments highlight continued long‑term accumulation and structural demand from institutions and spot ETFs that may temper sell pressure.