CryptoQuant: Bitcoin trades near cycle bottom as digital gold narrative resurges
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🚨 Bitcoin's aNUPL metric signals a potential macro bottom near as its price drops 50% from peak.
💡 Long-term holders are now facing bigger losses than the broader $BTC market.
🟡 Bitcoin's 90-day correlation with gold jumps from -0.9 to +0.7, echoing the digital gold narrative.
📈 Bitcoin is trading at $63,362, down 2% on the week and nearly half from its all-time high.
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Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
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