Bitcoin Unrealized Profit Falls to 0.39: Is This a Buy Opportunity?
The post Bitcoin Unrealized Profit Falls to 0.39: Is This a Buy Opportunity? appeared on BitcoinEthereumNews.com.
TLDR: The Bitcoin NUPL has dropped to 0.39, marking its lowest point since October 2023 during the current cycle. Reduced unrealized profits show shrinking market confidence while long-term holders remain largely profitable. The P/L ratio at 0.7 signals realized losses now exceed gains, aligning with earlier capitulation phases. On-chain patterns mirror previous correction stages that preceded renewed accumulation across the cycle. Bitcoin NUPL has fallen to 0.39, marking its lowest point since October 2023 and raising new questions about whether the market is entering a favourable accumulation window. The latest on-chain readings show unrealized profits continuing to shrink as market participants face expanded downside pressure. Yet, the current level still sits above previous correction zones in this cycle, placing traders in a position where sentiment appears strained but not structurally broken. Bitcoin NUPL movements often act as a gauge of investor confidence, and this decline arrives as several on-chain indicators point to growing stress among short-term holders. At the same time, long-term participants remain broadly profitable, which has historically supported renewed accumulation during similar phases. With volatility shaping current conditions, the latest reading is drawing increased attention. Bitcoin NUPL at 0.39 and Its Market Relevance Bitcoin NUPL reached 0.39 this week, according to on-chain analyst Darkfost, who noted that this reading reflects reduced unrealized profits across the market. The NUPL ratio, calculated through the formula (MC–RC/MC), allows analysts to track the average profit position by comparing Bitcoin’s market cap to its realized cap. This dataset shows that the market remains in profit, but the cushion has narrowed meaningfully. The unrealized profit, shown through the NUPL (Net Unrealized Profit Loss ratio), has now dropped to its lowest level since October 2023. The NUPL is a simple formula (MC-RC/MC) used to estimate the average profit or loss of the market by comparing…
Filed under: News - @ December 10, 2025 9:47 pm