Indicator Overview

Short Term Holder NUPL (STH-NUPL) is Net Unrealized Profit/Loss that takes into account only UTXOs with a lifespan of less than 155 days and serves as an indicator to assess the behaviour of short term investors.

• ​View STH-NUPL in Glassnode Studio​

• ​View STH-NUPL in Glassnode API Docs​

How is it measured?

STH-NUPL is calculated by taking the NUPL value only for spent outputs younger 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​