What are the three initial conditions of an uptrend as shown by the NUPL?

What-are-the-three-initial-conditions-of-an-uptrend-as-shown-by-the-NUPL

The NUPL represents the overall "profitability" or profit margin of the bitcoin market in relation to its market capitalization. Values below 0 indicate an accumulation phase, while those above 0.5 suggest a distribution phase. The crucial threshold to monitor is 0.2, and currently, the NUPL has just reached this point after completing the accumulation phase. As per historical patterns, a golden cross between MA128 and MA200 occurs when the accumulation phase concludes and the NUPL touches or surpasses 0.2, which signifies the beginning of a bull market. These three critical factors are all present once again, and we will closely observe the market to determine if this signals another upward trend following a period of adjustment.