Bitcoin Price Eyes $90K as NUPL Flips Bullish After 317 Days
Key Insights:
- Bitcoin price regained a long-term NUPL trend level after 317 days.
- Liquidity remained concentrated around $73,000-$75,000 and $78,000-$80,000.
- U.S. spot Bitcoin ETFs recorded four consecutive sessions of inflows.
Bitcoin price held near $76,900 on Aug. 23 after a four-day rebound improved long-term profitability signals. CoinMarketCap data showed Bitcoin traded around $76,898, with 24-hour volume near $42.53 billion. The move followed a sharp recovery that pushed a key on-chain indicator above its yearly average.
The rebound mattered because Bitcoin’s Net Unrealized Profit and Loss measure turned positive against its long-term trend. CryptoQuant contributor Burak Kesmeci posted on X that the indicator crossed its 365-day moving average after 317 days. That shift strengthened the recovery case, although nearby liquidity still created pullback risk.
Bitcoin Price Holds Gains After Four-Day Rally
The price of Bitcoin traded between $76,526 and $78,801 over the past 24 hours. Bitcoin remained below its October 2025 record near $126,198 despite the latest rebound.
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