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Glassnode: Despite Bitcoin hitting new highs, net unrealized profit/loss for long-term holders still below euphoria zone

Summary: According to reports, Glassnode stated that despite BTC price breaking $118,000 to reach a new high, the Net Unrealized Profit/Loss (NUPL) for long-term holders is still below the Euphoria Zone, currently at 0.69. This cycle, the indicator has only surpassed the 0.75 threshold for about 30 days, compared to 228 days in the previous cycle.

According to reports, Glassnode stated that despite BTC price breaking $118,000 to reach a new high, the Net Unrealized Profit/Loss (NUPL) for long-term holders is still below the Euphoria Zone, currently at 0.69. This cycle, the indicator has only surpassed the 0.75 threshold for about 30 days, compared to 228 days in the previous cycle.

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Link: Glassnode: Despite Bitcoin hitting new highs, net unrealized profit/loss for long-term holders still below euphoria zone [Copy]

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