📊 Bitcoin is currently hovering around $67k. There's some local panic starting to brew in the chats and forums, but let's put emotions aside and check out the cold hard charts from Glassnode. They've got two cool metrics (NUPL) that reveal the real market sentiment.
Translating complex terminology into plain language 'for the homies'.
1️⃣ How are the 'big fish' and old holders doing? (LTH-NUPL)
The first chart tracks the behavior of coins that have been sitting idle for a long time. These are the so-called 'smart money'.
➡️Where we are now: In the yellow zone ('Optimism / Anxiety').
➡️What this means: Big players are completely calm. They are still sitting on very good profits, and there’s no panic among them.
➡️When to buy: If Bitcoin drops to the $62,000 – $63,000 range, this metric will fall into the orange zone ('Fear'). Historically, this is the best point to start buying coins heavily alongside the whales.
2️⃣ What's happening in the market overall? (Total NUPL)
The second chart takes into account all market participants — both big whales and yesterday's newbies.
➡️Where we are now: Already in the orange zone ('Fear').
➡️What this means: The market is undergoing a tough cleansing of 'weak hands'. Ordinary short-term speculators and retail investors are already panicking, unable to handle the pressure, and are dumping their coins at a loss.
📋 Main takeaway and strategy:
Wait for the red zone (maximum capitulation, when Bitcoin hits the bottom of the bear market) to load up with everything you’ve got — it’s a beautiful plan, but in the current reality, we might not get that opportunity. The market rarely gives us the perfect bottom.
➡️The range of $62k – $63k is a strong magnet. A drop to that level will push both metrics into a highly attractive state.
➡️What to do: Panicking and selling now is foolish. The most sensible tactic right now is not to try to guess one perfect pixel on the chart but to set limit orders in a ladder up to $62k in case of a sudden drop. The market is unloading, and this local fear is our best friend for future gains.
Charts with all zones attached above, study them and prepare your cash! 👇