🚨 BITCOIN IS BACK IN THE FEAR ZONE.

$BTC NUPL has dropped back into the Hope/Fear range (0.18) meaning unrealized profits across the network are getting thin again.
When profit cushions shrink, conviction weakens.
Rallies usually face heavy sell pressure as holders look to exit breakeven.
And if price dips, downside can extend faster because there’s less profit support below.
This is typically a reactive, fragile phase for the market.