Glassnode: Although BTC reached a new high, the net unrealized profit and loss of long-term holders is still below the euphoria zone

ChainCatcher message, Glassnode stated on social media that although the BTC price has surpassed $118,000 to reach a new high, the net unrealized profit and loss (NUPL) of long-term holders is still 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.