Arab Chain
Bitcoin regains its strength and moves Binance’s long-term investors from the neutral zone to the profit zone
The latest data from Binance the most liquid exchange indicate that LTH-NUPL stands at 0.0728 (≈ 7.3% in unrealized gains), a clear shift from the negative readings at the end of September. This increase suggests that most long-term Bitcoin holders on Binance are now in slight profit, following a period of price equilibrium during the mid-Q3 pullback. Historically, values between 0.0 and 0.25 point to bullish consolidation zones, where the market remains far from peak optimism (i.e., a bubble) yet has emerged from panic or emotionally driven selling. Meanwhile, the current realized price is around $114,582, while Bitcoin’s spot price is about $123,577. In other words, the market price is roughly $9,000 above the realized price, reinforcing the view that the market is in a moderately profitable zone still below historical euphoric levels but indicative of a healthy upward trend. When the market price persistently exceeds the realized price, it implies that participants especially on major centralized platforms such as Binance are sitting on unrealized profits, which can encourage partial profit-taking in the short term. On Binance, Bitcoin appears to be in a state of positive equilibrium. The market is not experiencing a price bubble; rather, it is quietly recovering from September’s pressure. Long-term portfolios are beginning to generate modest unrealized gains, an early sign of a new accumulation phase. As long as price holds above $114,000 (the realized price), the medium-term trend remains bullish. A gradual rise of LTH-NUPL above 0.10 in the coming weeks would confirm that the market has entered a phase of structural expansion. Sustained trading above $120,000 suggests strong institutional support in this area.