🚨 LTH NUPL JUST HIT 0.39 🚨
Long-Term Holders are almost back to post-ATH pain levels.
The last time we saw this kind of unrealized profit compression?
📉 May 2022.
And we all know what followed…
When LTH NUPL drops toward 0.3–0.4:
It means diamond hands are barely in profit.
Conviction gets tested.
Weak LTHs start distributing.
But here’s the twist…
Historically, this zone doesn’t last long.
It’s either:
🔴 Transition into deeper bear phase
OR
🟢 Final shakeout before major expansion
BTC sitting around the psychological battlefield while long-term holders feel pressure = volatility brewing.
Smart money watches this metric.
Retail watches candles.
Which side are you on?
🐻 More downside coming
🐂 Generational dip before next leg
Follow for on-chain signals before the crowd reacts.
