CryptoQuant Founder: ETH/BTC NUPL hits a 4-year low.

CryptoQuant founder and CEO Ki Young Ju posted on platform X, stating that ETH/BTC NUPL has hit a 4-year low. This reflects the bottom level at the beginning of 2020, which could be an opportunity for Ethereum believers.

NUPL (Net Unrealized Profit/Loss) is an indicator measuring market sentiment and the unrealized profits and losses of cryptocurrency holders. It reflects the overall state of the market by calculating the net value of unrealized profits and losses from all assets held in the market.