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glassnode: Despite Bitcoin Reaching All-Time High, Long-Term Holders' Net Unrealized Profit/Loss Remains Below Frenzy Zone
BlockBeats News, July 11th, glassnode stated that despite BTC price breaking through $11.8k to hit a new high, the Long-Term Holder Net Unrealized Profit/Loss (NUPL) is still below the Euphoria Zone, currently at 0.69.
This cycle, the indicator has only spent about 30 days above the 0.75 threshold, while the previous cycle had 228 days.
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