NUPL

NUPL (Net Unrealized Profit/Loss)

NUPL (Net Unrealized Profit/Loss) specifically looks at the difference between Unrealized Profit and Unrealized Loss to determine whether the network as a whole is currently in a state of profit or loss.

Any value above zero indicates that the network is in a state of net profit, while values below zero indicate a state of net loss. In general, the further NUPL deviates from zero, the closer the market trends towards tops and bottoms. As such, NUPL can help investors identify when to take profit (blue) and when to re-enter (red).

Unrealized Profit

Unrealized Profit represents the total profit accrued by UTXOs which were created (i.e. realized) when the price of the asset was lower than the current price.

Unrealized Loss

LTH-NUPL

Long Term Holder NUPL (LTH-NUPL) is Net Unrealized Profit/Loss that takes into account only UTXOs with a lifespan of at least 155 days and serves as an indicator to assess the behaviour of long term investors.

STH-NUPL

Short Term Holder NUPL (STH-NUPL) is Net Unrealized Profit/Loss that takes into account only UTXOs with a lifespan of less than 155 days and serves as an indicator to assess the behaviour of short term investors.