Glassnode Insights: BTC Hits New High but Long-Term Holders’ Net Unrealized Profit Remains Below Frenzy Range

Bitcoin (BTC) recently reached a new peak, signaling robust market momentum. However, according to Glassnode analytics, the net unrealized profit and loss (NUPL) for long-term holders remains below the typical frenzy threshold. This metric, crucial for assessing investor sentiment, indicates that despite the price surge, many long-term investors have yet to realize significant gains or enter a speculative phase. The data suggests a cautious optimism within the market, reflecting a more measured accumulation rather than exuberant speculation. For traders and institutional investors, monitoring NUPL provides valuable insight into potential market corrections or sustained growth phases. As BTC continues to evolve, understanding these on-chain indicators is essential for making informed investment decisions in the volatile cryptocurrency landscape.