Bitcoin Short-Term Holder Net Unrealized Profit/Loss (NUPL) Has Entered the Loss Zone

According to a report by Jinse Finance, a chart released by glassnode shows that the Bitcoin Short-Term Holder Net Unrealized Profit/Loss (NUPL) has entered the loss zone, indicating that recent buyers are under pressure. Historically, capitulation sell-offs by Short-Term Holders (STH) often mark a market reset phase, which typically lays the foundation for a new round of asset accumulation.