The trading price of Bitcoin has remained close to $120,000, pulling back after it reached a historic high of $123,200 on Monday. However, many investors view this slight pullback as a healthy consolidation rather than a sign of market weakness. Currently, the long positions momentum remains strong, and the robustness of the technical structure suggests that the upward trend may continue in the short term.
According to on-chain data from CryptoQuant, this optimistic outlook is further supported. As of July 17, 2025, the net unrealized profit/loss (STH NUPL) indicator for short-term holders is
View OriginalAccording to on-chain data from CryptoQuant, this optimistic outlook is further supported. As of July 17, 2025, the net unrealized profit/loss (STH NUPL) indicator for short-term holders is