NUPL (Net Unrealized Profit/Loss)

Represents the net difference between unrealized profits and losses in the network.

Formula

N U P L = U n r e a l i z e d P r o f i t U n r e a l i z e d L o s s M a r k e t C a p NUPL = \frac{UnrealizedProfit - UnrealizedLoss}{MarketCap}

Interpretation

  • Positive NUPL → majority in profit.

  • Negative NUPL → majority in loss.

Insights
Powerful macro indicator to identify euphoria, fear, or accumulation.

Available Metrics