Bitcoin's Net Realized Profit and Loss (NRPL) has stabilized in a neutral zone, reflecting a balance between realized gains and losses. This development follows a period of volatility, with significant fluctuations observed between November 22 and 24. The NRPL's return to neutrality coincides with Bitcoin's price recovery to approximately $90,000.
Analysts highlight that a neutral NRPL often signals market consolidation and can precede new price trends. The focus now shifts to whether the NRPL will maintain its position above zero or turn negative, which could influence future market movements.
Bitcoin's Net Realized Profit and Loss Returns to Neutral
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