The magnitude of unrealized profit held by #LTHs can be considered as a measurement of the incentive for this group to spend coins, and take chips off the table. We can visualise this psychological incentive using the LTH-NUPL #Metrics .
At the time of writing, LTH-NUPL is at 0.66, which resides between levels associated with the pre-euphoria phase 🟢. This condition has been in play for 96-days, which is a very similar duration to the 2016-17 cycle.
