I predict there won't be a huge price correction until reaching around 75% of NUPL.

I think the most reliable BTC on-chain data are only MVRV Z Score, Realized Cap Holders Ratio Waves and NUPL. Actually, I reviewed dozens of BTC on-chain data. But, these are the most useful and reliable indicators, compared to others.

Anyways, let's take a look at the chart. The recent NUPL has recovered over 50% the second time this cycle. When NUPL recovered over 50% second time each cycle, there has not been a huge price correction until reaching around 75% of NUPL. So, the recent a little bit price correction is not worrying me. To be honest, I feel just irritated.

Considering the NUPL, there is a common thing each cycle. When NUPL recovered second time each cycle, BTC price had been huge bullish until next summer. So, if the current market follows the past patterns, increasing cash ratio the beginning of the next year could be a good option. I wish next year market will be a long-lasting bullish market 🙏