In this bull market, US Spot ETF momentum has notably impacted price action, as seen through the Net Unrealized Profit & Loss (NUPL) metric. NUPL measures net paper profits (or losses) normalized by market cap.
When NUPL exceeds 0.5, it signals the Euphoria phase of a bull market. In the current cycle, NUPL surpassed 0.5 about 6.5 months before the halving, compared to 8.5 months in the 2020-21 cycle. This shift underscores the ETF's role in accelerating price action by introducing significant demand into the market.
In this bull market, US Spot ETF momentum has notably impacted price action, as seen through the Net Unrealized Profit & Loss (NUPL) metric. NUPL measures net paper profits (or losses) normalized by market cap.
When NUPL exceeds 0.5, it signals the Euphoria phase of a bull market. In the current cycle, NUPL surpassed 0.5 about 6.5 months before the halving, compared to 8.5 months in the 2020-21 cycle. This shift underscores the ETF's role in accelerating price action by introducing significant demand into the market.
The Singapore stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had added more than a dozen points or 0.4 percent. The Straits Times Index now sits just above the 3,060-point plateau and it's likely to see a narrow trading range on Monday.
Telegram Be The Next Best SPAC
I have no inside knowledge of a potential stock listing of the popular anti-Whatsapp messaging app, Telegram. But I know this much, judging by most people I talk to, especially crypto investors, if Telegram ever went public, people would gobble it up. I know I would. I’m waiting for it. So is Sergei Sergienko, who claims he owns $800,000 of Telegram’s pre-initial coin offering (ICO) tokens. “If Telegram does a SPAC IPO, there would be demand for this issue. It would probably outstrip the interest we saw during the ICO. Why? Because as of right now Telegram looks like a liberal application that can accept anyone - right after WhatsApp and others have turn on the censorship,” he says.
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