The market is still in profit despite Bitcoin’s price slump

Bitcoin’s pullback to $90,000 caused quite a stir in the market. Although its recovery to above $96,000 on Jan. 14 offered some relief, many on-chain indicators revealed underlying stress in market health.

Key metrics like Net Unrealized Profit/Loss (NUPL) and the percentage of supply in profit showed significant declines over the past week, reflecting shifts in the market’s unrealized gains and losses.