Glassnode: Despite BTC Reaching New Highs, Long-Term Holders' Net Unrealized Profit and Loss Remains Below the Euphoria Zone
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
