Part 2/12:
One of the cornerstone metrics, the Net Unrealized Profit and Loss, reveals the overall state of investor holding, akin to a market temperature gauge. Historically, when this indicator dips below zero, it's a signal that the market is approaching a bottom—a prime entry point for long-term investors. Currently, the chart shows this metric very close to the loss territory, indicating potential capitulation or at least a bottoming phase. Notably, when the market transitions from profit to loss on this scale, it has often preceded bullish rallies in the past.