Wu said that Glassnode pointed out that the STH-NUPL indicator, which measures the unrealized profit and loss of new investors, shows that since November 2025, short-term holders have been in an overall unrealized loss state. Data indicates that the BTC price needs to rise to at least approximately $98,000 for this group to return to the overall profit zone.
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Wu said that Glassnode pointed out that the STH-NUPL indicator, which measures the unrealized profit and loss of new investors, shows that since November 2025, short-term holders have been in an overall unrealized loss state. Data indicates that the BTC price needs to rise to at least approximately $98,000 for this group to return to the overall profit zone.