STH-NUPL
STH-NUPL serves as an indicator of profit and loss, as assessed by the behaviour of short-term investors.
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.

STH-NUPL is calculated by taking the NUPL value only for spent outputs younger than 155 days.
March 2020
Tuur Demeester, Tamás Blummer, and Michiel Lescrauwaet - A Primer on Bitcoin Investor Sentiment and Changes in Saving Behavior
Last modified 2mo ago