CryptoQuant analyst MorenoDV_ said data shows Ethereum’s Net Unrealized Profit/Loss, or NUPL, on Binance has dropped back to about -0.35. According to the analyst, that level has historically coincided several times with zones tied to major price bottoms. NUPL tracks the unrealized profit and loss condition of a specific holding cohort. A negative reading at the current level indicates that the relevant Ethereum positions are, on the whole, sitting in relatively deep unrealized losses. The update was cited by ChainCatcher in a brief market analysis item.
CryptoQuant analyst MorenoDV_ said data shows Ethereum’s Net Unrealized Profit/Loss (NUPL) on Binance has fallen back to around -0.35, a range that has historically coincided multiple times with major price bottoms.
The metric reflects the unrealized profit-and-loss condition of a specific holder group. Its current negative reading indicates that the relevant Ethereum positions are, overall, in relatively deep unrealized losses.
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