Market Signal

NUPL zone mapped to a suggested BTC macro stance

DANGER Euphoria
SELL Greed
HOLD Hope
BUY Fear · Capitulation NowFear

Macro context only — not a trade order

NUPL (price proxy) Fear & Greed spectrum
0.1014
Capitulation Fear Hope Greed Euphoria
< 00.250.50.751+

The market is fearful. Potential accumulation phase.