Net Unrealized Profit and Loss - Values under ‘0’ in the fist time since 2020

Net-Unrealized-Profit-and-Loss-Values-under-0-in-the-fist-time-since-2020

Net Unrealized Profit and Loss (NUPL) is the difference between market cap and realized cap divided by market cap.

It is the first time, this indicator goes under O since 2020. More coins or investors are beginning to be in loss and this phase naturally indicates the decreasing motive to realize loss which leads to a decrease in sell pressure. Also, it indicates that Realized Cap is exceeding Market Cap making coins less profitable to be sold through the market.

Historically, a market with a NUPL of -0.2 or less turned out to be closer to the market bottom. For investors, it could be a buying opportunity and accumulate bitcoin.