XRP Long-Term Holders Shift From Euphoria to Anxiety as NUPL Signals Trouble
XRP is under heavy selling pressure as fear spreads across the crypto market, pushing sentiment into one of its most fragile stages of the cycle. What was once a euphoric rally earlier this year has steadily shifted into denial among long-term holders — and now anxiety is beginning to dominate. With XRP flirting dangerously with […]
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On-chain data shows the profit margin of the Bitcoin long-term holders is currently the same as when BTC was still $85,000. Here’s what’s behind this. Bitcoin Long-Term Holder NUPL Has Returned To 0.69 In a new post on X, the on-chain analytics firm Glassnode has talked about the trend in the Net Unrealized Profit/Loss (NUPL) for the Bitcoin long-term holders. The NUPL is an indicator that keeps track of the difference between the unrealized profit and unrealized loss held by the BTC investors as a whole. Related Reading: Bitcoin Could See Short-Term Holder Selloff Around These....
Total value locked across decentralized finance-enabled smart contracts has dipped 35% from its peak. The drop in the price of Ether (ETH) is failing to shake out the long-term holders, while the decentralized finance (DeFi) sector is also providing opportunities for investors. So suggests a new Glassnode report that noted many long-term Ether holders (>155 days) are sitting atop profits despite ETH/USD’s 55% decline from its peak level above $4,300. In comparison, the short-term Ether holders (“After almost hitting 46% of the market cap in unrealized gain, short-term holders are now....
The XRP market is experiencing a new wave of large transactions as long-term holders adjust their positions. Over $300 million worth of XRP has recently been moved from crypto exchanges, signaling a shift in investor sentiment. While such withdrawals often suggest accumulation, current on-chain data present a mixed picture, indicating both opportunity and caution. Related Reading: Bitcoin Near Breaking Point As It Tests Its Most Crucial Support Line—Analyst Over $300 Million XRP Exit Crypto Exchanges According to on-chain data from Glassnode, investors have withdrawn more than 140 million....
A quant breaks down how the Bitcoin NUPL indicator may be able to predict the beginning of a new bull run based on past pattern. How The Bitcoin NUPL Metric May Predict The Start Of Bull Run As explained by an analyst in a CryptoQuant post, the various phases of the NUPL indicator may shed some light relating to the bull run status for BTC. The net unrealized profit and loss (or NUPL in short) is a metric that’s defined as the difference between the market cap and the realized cap, divided by the market cap. NUPL = (Market Cap – Realized Cap) ÷ Market Cap In simpler terms, what....
Indicators suggest that Bitcoin is looking to repeat the October 2020-like rally that sent the prices from $10,000 to $65,000. Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19-crash. Meanwhile, there are increasing speculations that BTC could undergo a similar upside boom like the one that began in October 2020.Bitcoin reached $44,600 before correcting lower on profit-taking sentiment. Source: TradingView.comAt least two indicators expected Bitcoin to pursue massive uptrends. The first one was Glassnode's Entry-Adjusted Net....