Bitcoin NUPL data suggests that the crypto’s cycles are getting less sharper with time as profit tops and loss bottoms aren’t following a horizontal line.
Bitcoin NUPL Didn’t Exceed The 0.75 “Greed” Mark During This Cycle
As explained by an analyst in a CryptoQuant post, the BTC profit and loss cycles shouldn’t be treated with horizontal lines.
The “Net Unrealized Profit and Loss” (or the NUPL in brief) is an indicator that tells us whether the market as a whole is holding a net profit or a net loss right now.
The metric’s value is calculated by taking the difference between the market cap and the realized cap, and dividing it by the market cap.
NUPL = (Market Cap – Realized Cap) ÷ Market Cap
When the value of this indicator is greater than zero, it means the average investor is currently holding some profits.
On the other hand, negative NUPL values imply the overall market is holding a net amount of unrealized loss at the moment.
Now, here is a chart that shows the trend in the Bitcoin NUPL over the course of the history of the crypto:
Looks like the value of the metric has surged up and turned positive again recently Source: BTCUSD on TradingView
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com
Bitcoin NUPL data suggests that the crypto’s cycles are getting less sharper with time as profit tops and loss bottoms aren’t following a horizontal line.
As explained by an analyst in a CryptoQuant post, the BTC profit and loss cycles shouldn’t be treated with horizontal lines.
The “Net Unrealized Profit and Loss” (or the NUPL in brief) is an indicator that tells us whether the market as a whole is holding a net profit or a net loss right now.
The metric’s value is calculated by taking the difference between the market cap and the realized cap, and dividing it by the market cap.
NUPL = (Market Cap – Realized Cap) ÷ Market Cap
When the value of this indicator is greater than zero, it means the average investor is currently holding some profits.
On the other hand, negative NUPL values imply the overall market is holding a net amount of unrealized loss at the moment.
Related Reading: Ethereum Market Observes Pileup Of Leverage As ETH Breaks $2k
Now, here is a chart that shows the trend in the Bitcoin NUPL over the course of the history of the crypto:
Looks like the value of the metric has surged up and turned positive again recently
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech…
Bitcoin zoomed above $97,000, bringing hopes of breaching the landmark $100,000 level on social media,…
Bitcoin layer-2 network GOAT will soon let dogecoin (DOGE) users stake their tokens to earn…
There’s something about major psychological price levels, like bitcoin's (<a href="https://www.coindesk.com/price/bitcoin/ " target="_blank">BTC</a>) $100,000 mark.…
Publicly traded bitcoin (<a href="https://www.coindesk.com/price/bitcoin/ " target="_blank">BTC</a>) miners are approaching the milestone of an aggregated…
Bitcoin's (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) pullback from the $100,000 level after continuously hitting fresh new highs…