Bitcoin's NUPL 100-Day EMA Approaches Zero Line as 30-Day EMA Drops Below Long-Term Average

BTC-0.46%
According to analyst thechessONCHAIN on CryptoQuant, Bitcoin's NUPL (Net Unrealized Profit/Loss) currently stands at 0.158, with its 100-day exponential moving average at 0.215 and 30-day EMA at 0.155. On June 2, the 30-day EMA crossed below the 100-day EMA, signaling weakening market momentum, though both averages remain above the zero line.
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