Glassnode: Despite BTC Reaching New Highs, Long-Term Holders' Net Unrealized Profit and Loss Remains Below the Euphoria Zone
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According to ChainCatcher, Glassnode stated on social media that although the price of BTC has surpassed $118,000 to reach a new all-time high, the Net Unrealized Profit/Loss (NUPL) for long-term holders remains below the Euphoria Zone, currently at 0.69.
This cycle, the indicator has only exceeded the 0.75 threshold for about 30 days, compared to 228 days in the previous cycle.
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