Bitcoin holders' Net Unrealized Profit/Loss (NUPL) indicator surged from 0.09 to 0.36 last quarter, according to a report by Fidelity Digital Assets. The sharp increase reflects growing unrealized profits among Bitcoin investors over the recent period.
Historically, when the NUPL indicator reaches approximately 0.36 (±0.05), Bitcoin's median return over the following year has often reached 93%, per Fidelity's analysis.
Fidelity: Bitcoin NUPL Indicator Surges to 0.36, Signaling Strong Upside Potential
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