Cryp2Nova

Unrealised NUPL STH NUPL STH

Bitcoin

NUPL for Short-Term Holders (NUPL-STH) measures the unrealized profit or loss of coins held less than about 155 days, as a share of market value.

Why it matters

It gauges the paper-profit position and confidence of recent buyers, whose sentiment drives short-term volatility.

How it is built

For short-term-holder coins, market value minus realized value is divided by market value, giving their net unrealized profit ratio.

What to watch

Positive NUPL-STH signals confident recent buyers supporting momentum; a swing negative means they are underwater and vulnerable to panic selling, often marking local capitulation.

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