On-chain data shows the Bitcoin Net Unrealized Profit/Loss (NUPL) has plunged recently. Here’s what this could mean for the cryptocurrency. Bitcoin NUPL Has Dropped To The 0.18 Level In a new NUPL, which is an indicator that compares the amount of unrealized profit and loss held by investors on the BTC blockchain. The metric works…
Tag: bitcoin profitability
Bitcoin Holder Profits Now 121%: How Much Higher Can BTC Go?
On-chain data shows the Bitcoin investors are now carrying 121% profits on average. Here’s whether this has been enough for a top in the past. Bitcoin Profitability Index Is Currently Sitting Around 221% In a new Average Profitability Index” is an indicator for BTC that compares the asset’s spot value with its realized price. The…
Bitcoin Profitability Index Hits 202%: Is This Enough For A Top?
On-chain data shows the Bitcoin Profitability Index is at 202% right now. Here’s how this compares with past bull runs of the asset. Bitcoin Average Profitability Index Has Been Rising Recently In a new post on X, CryptoQuant author Axel Adler Jr. discussed the latest trend in the Average Profitability Index of Bitcoin. The “Average…
Bitcoin Holders In Profit Hits 95%: Is BTC Overheating?
On-chain data shows around 95% of all Bitcoin holders are in profit following the latest bullish action that the asset’s price has seen. Very Few Bitcoin Addresses Are Still Underwater In a new profitability is currently looking. The analytics firm has made use of on-chain data to determine this. IntoTheBlock has gone through the transaction…