Cryp2Nova

Unrealised NUPL Bycohort NUPL Bycohort

Bitcoin

This breaks Net Unrealized Profit/Loss (NUPL) down by holder cohort, showing each group's paper-profit share.

Why it matters

It reveals which cohorts are driving aggregate profit or loss, adding structure to the headline NUPL.

How it is built

NUPL is computed separately for each holder-age cohort and stacked or compared over time.

What to watch

Divergences between cohorts (e.g. LTH in profit while STH in loss) flag transitional cycle phases.

Related metrics

Unrealised NUPL Bycohort NUPL Bycohort — Bitcoin · Cryp2Nova