LTH-NUPL
LTH-NUPL serves as an indicator of profit and loss, as assessed by the behaviour of long-term investors.
Indicator Overview
Long Term Holder NUPL (LTH-NUPL) is Net Unrealized Profit/Loss that takes into account only UTXOs with a lifespan of at least 155 days and serves as an indicator to assess the behaviour of long term investors.
How is it measured?
LTH-NUPL is calculated by taking the NUPL value only for spent outputs as old as or older than 155 days.
About
Introduced By
Glassnode (via NUPL by Tuur Demeester, Tamás Blummer, and Michiel Lescrauwaet)
Date Introduced
March 2020
Further Resources
Rafael Schultze-Kraft - Breaking up On–Chain Metrics for Short and Long Term Investors
Tuur Demeester, Tamás Blummer, and Michiel Lescrauwaet - A Primer on Bitcoin Investor Sentiment and Changes in Saving Behavior
Rafael Schultze-Kraft - Dissecting Bitcoin's Unrealised On-Chain Profit/Loss
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