Data: Analysts say that the Ethereum NUPL on the Binance platform has fallen back to the historical bottom range, which may indicate a strengthening signal of a potential bottom phase

CryptoQuant analyst MorenoDV_ stated that data shows the Ethereum Unspent Net Profit and Loss (NUPL) on the Binance platform has fallen back to around -0.35, entering a range that has historically corresponded to significant price bottoms multiple times.

This indicator reflects the unrealized profit and loss status of a specific group of holdings, and the current negative value indicates that the overall Ethereum holdings are in a relatively deep unrealized loss.