最新报道:According to Bijie.com on October 6th, on-chain data analyst Murphy stated that analyzing the unrealized profit and loss ratio (UPUL) on the Bitcoin chain normally shows that higher prices increase the UP and UPUL. However, the current situation is that the UPUL is decreasing despite higher prices, indicating that market gains are increasingly dependent on the continued inflow of new funds rather than the confidence of existing investors. Therefore, it is important to pay close attention to net inflows into ETFs and the size of spot market exposure. If inflows slow, short-term upward momentum will be limited. It is reasonable for swing traders to begin taking profits in batches. Furthermore, the bull market cycle has shown no clear signs of a bearish turn so far.