CryptoQuant Founder: ETH/BTC NUPL Hits a 4-Year Low

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the ETH/BTC NUPL has hit a 4-year low. This reflects the bottom levels of early 2020, which may present 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 held assets in the market.