1 Based on the Bitcoin’s NUPL, the Bitcoin market is still in the Euphoria phase, but has decreased in intensity as the correction began. 2 After reaching an all-time high of $73,000 in March, the Bitcoin market has shifted towards broad distribution, as coins capitalize on liquidity and increasing demand. The crypto market is struggling with BTC consolidating around the $60,000 range. BTC price has been in a drawdown after reaching the all-time high of $73,000 mid-March.