TechFlow news, November 12 — According to CryptoQuant analysis, Bitcoin's Net Unrealized Profit (NUP) indicator has currently dropped to 0.476, falling below the critical level of 0.5, a threshold that historically marks the formation of short-term market bottoms. The NUP indicator represents the total unrealized profit held by investors currently in a profitable position, with higher values typically indicating stronger selling pressure. Analysts note that the current reading suggests significantly reduced selling pressure, indicating investors may see a price rebound in the near term. Meanwhile, data shows the number of Bitcoin accumulation addresses is reaching a new all-time high, further supporting the view of a potential rebound.
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