Bitcoin metric shows ‘euphoria’ as $112.5K BTC price squeezes new buyers


Bitcoin metric shows ‘euphoria’ as 2.5K BTC price squeezes new buyers


Bitcoin short-term holders struggled to seal profits in recent days while overall supply ownership flashed a classic bull-market top warning.

Key points:

Bitcoin’s NUPL metric repeats past bull-market tops with a move from “optimism” to “euphoria.”

The Bitcoin realized cap is increasingly in the hands of short-term holders.

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