Ah, the joys of Bitcoin—up $18,000, yet HODLers are sitting pretty with the same profits as when it was trading at $85,000. What could possibly be going on here? 👀
Bitcoin Long-Term Holder NUPL Has Returned To 0.69
So, Glassnode, the “genius” analytics firm, decided to drop some knowledge bombs on X, talking about the Net Unrealized Profit/Loss (NUPL) for Bitcoin’s long-term holders. Now, this is the magic metric that tells us whether Bitcoin holders are basking in profit or drowning in their own losses.
When the number is above zero, it means that Bitcoin’s long-term holders (LTHs) are basically living their best life, making profits. If it’s below zero, well, it’s more like swimming with sharks—better luck next time. 🦈
But we’re not talking about the whole Bitcoin network here—oh no, we’re diving into the lives of the LTHs. These are the die-hard investors who’ve held onto their precious BTC for more than 155 days. So, yeah, real commitment.
And now, because we all love a good chart, here’s the magic graph shared by Glassnode. Feast your eyes on this beauty:
See that? For the past year, the LTH NUPL has stayed above zero, meaning the holders have been living in profit-land. 💰 But wait—before you get too excited, the graph shows that the value has been bouncing around like a toddler on sugar, thanks to Bitcoin’s rollercoaster ride of price action.
And then came the bull run at the end of 2024, where the NUPL hit “crazy happy” territory, only to be crushed by this year’s market dip. Classic, right? 🥴
Now, with the recent price bump, the metric went for a quick comeback, but don’t get your hopes up—it didn’t even get close to the peak from the last bull run. Oh, the disappointment…
And here’s the real kicker: after the latest price surge, the NUPL took a sharp dive—despite Bitcoin just chilling at the same price range. Curious, right? 🤔
The magic number? 0.69. Yes, you read that correctly—back at the start of April, when Bitcoin was sitting around $85,000, the LTH profitability was exactly the same. But why, you ask? Well, this new crop of “top buyers” from December 2024 got all cozy with the LTH crowd, and suddenly the gains got diluted like coffee with too much milk. ☕️
BTC Price
As of now, Bitcoin is flirting with the $103,500 mark, up a tiny 1% in the last 24 hours. So, don’t get too comfy—it’s still the wild west out here.
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2025-05-17 05:18