最新报道:According to CryptoQuant analyst Yonsei_dent, the NUPL (Net Unrealized Profit and Loss) indicator shows that when it's above 0, most currencies are in a profitable state, potentially triggering profit-taking. Historically, market cycle tops are often accompanied by NUPL peaks. The market experienced one peak in 2017 and two in 2021, and the current cycle may be forming a third. Unlike previous cycles, this round of market volatility is more stable, primarily driven by institutional inflows into US ETFs and other funds. While the market is more stable, the magnitude of each rally is decreasing, suggesting a longer-lasting bull market but less likely to experience a rapid surge in the short term.