CoinVoice recently learned that CryptoQuant founder and CEO Ki Young Ju posted on the X platform that ETH/BTC NUPL hit a 4-year low. This reflects the bottom level in early 2020 and may be an opportunity for Ethereum believers.
NUPL (Net Unrealized Profit/Loss) is an indicator that measures market sentiment and the unrealized profits and losses of cryptocurrency holders. It reflects the overall state of the market by calculating the net value of unrealized profits and losses of all assets held in the market. [Original link]
