According to the Unrealized Profit and Loss metric, a key early-stage Bitcoin indicator based on Realized Cap, BTC investors now boast a $671 billion profit in their portfolios. Following the recent surge in Bitcoin prices, the UNRPL metric surpassed $600 billion after November 2021. This figure signifies two crucial aspects: Favorable profitability for Bitcoin investors and high risk within the Bitcoin market.
Despite the robust demand in the Bitcoin market and bullish sentiment, there exists a significant potential for profit withdrawal from this opportunity. According to this metric, the previous market peak was observed around $780 billion to $800 billion in 2021.
Risk adjustment in the upcoming months will be a critical measure for every investor, with the anticipation of high volatility from the derivatives market in the near future.
Written by Crazzyblockk
