ETH-BTC NUPL Reaches 4-Year Low, Indicating Potential Opportunity for Ethereum Investors

11/20/2024 5:15:56 AM

According to Ki Young Ju, the ETH-BTC Net Unrealized Profit/Loss (NUPL) has reached a four-year low. Despite Ethereum's current underperformance compared to Bitcoin, many ETH holders are experiencing losses that remain unrealized, similar to conditions seen at the beginning of 2020. This situation could present an enticing opportunity for Ethereum investors who believe in its long-term potential. (Source)

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