Analyst: Rate of Change in Net Realized Profit and Loss is an Important Reference for Trend Shifts in Bull/Bear Cycles

Bitget news, crypto analyst Murphy posted that many of you don't like to read long articles, so let's try to keep it short and look at the chart.
(Chart 1 ) The rate of change in realized net PL can be used as a measure of capital inflows. It is an important reference point for trend shifts in bull and bear cycles. 
(Chart 2 ) STH is new demand in the market and tends to be more sensitive to market volatility. Over the past month #BTC prices have remained flat but MVRV for short-term holders has risen, showing a positive divergence. New investor positions and profitability are improving, and this group is not currently facing the same financial pressures as the bears, reflecting a confidence that is getting stronger! Need I analyze more? No need, I believe in the power of trends.