CryptoQuant CEO: ETH/BTC NUPL hits a new four-year low

BlockBeatNews

2024-11-20 05:30:38

ETH-2,02%

BTC-1,63%

BlockBeats News, on November 20th, CryptoQuant CEO Ki Young Ju stated on social media that the ETH/BTC NUPL has reached a four-year low. Despite the underperformance of ETH compared to BTC, ETH holders are unknowingly suffering losses, similar to the lows in early 2020. 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.

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