Onchain Signals Point to a Market Reset

[nihalsari]

Onchain metrics suggest Bitcoin may be entering a reset or early accumulation phase. The SOPR Ratio indicates that newer participants are realizing losses, while long-term holders remain profitable and largely inactive — a classic post-rally cleanup dynamic.

Further confirmation comes from Bitcoin’s Net Unrealized Profit/Loss (NUPL), which is hovering near 0.3, a level historically associated with transitions into more constructive market conditions. While this doesn’t signal an immediate breakout, it does suggest confidence is gradually rebuilding as speculative excess continues to unwind.

[etfs]

long term holders not selling is usually the quiet signal ppl miss