According to CoinMeta, the current price of Bitcoin is close to $90,000, and the net unrealized profit and loss (NUPL) indicator has turned bullish after a 317-day downturn. According to (CoinMarketCap) data, Bitcoin traded at around $76,898 on August 23, with a 24-hour trading volume of nearly $42.53 billion. This rebound has pushed key on-chain indicators above the annual average, indicating an improvement in Bitcoin's long-term profitability signals. Analyst (Burak Kesmeci) noted that the indicator broke through the 365-day moving average after 317 days, enhancing the likelihood of a rebound. Nevertheless, there is still a risk of a pullback due to the nearby liquidity. Bitcoin's trading range in the past 24 hours was between $76,526 and $78,801, which is still below the historical high of nearly $126,198 in October 2025. (Kesmeci) also mentioned that Bitcoin has risen by about 26% in four days.