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glassnode: Despite Bitcoin hitting new highs, the net unrealized PNL of long-term holders is still below the euphoria range.
PANews, July 11 news, glassnode tweeted that despite the BTC price breaking through 118,000 USD and reaching a new high, the net unrealized PNL (NUPL) of long-term holders is still below the Euphoria Zone, currently at 0.69. This cycle has only exceeded the 0.75 threshold for about 30 days, while the previous cycle had 228 days.