CoinVoice has recently learned that Glassnode stated on social media that although the BTC price has broken through $118,000 to reach a new high, the net unrealized profit and loss (NUPL) of long-term holders remains below the euphoria zone, currently at 0.69.

This indicator has only exceeded the 0.75 threshold for about 30 days in this cycle, while the previous cycle had 228 days. [Original link]