{"path":"/indicators/net_unrealized_profit_loss","tier":2,"parameters":{"a":["STETH"],"c":["native"],"f":["csv","json"],"i":["1h","24h"]},"queried":{"a":"STETH","path":"/v1/metrics/indicators/net_unrealized_profit_loss"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/indicators#get-v1-metrics-indicators-net_unrealized_profit_loss","studio":"https://studio.glassnode.com/charts/indicators.NetUnrealizedProfitLoss","metric_variant":{"bulk":"/indicators/net_unrealized_profit_loss/bulk","pit":"/indicators/net_unrealized_profit_loss_pit"}},"bulk_supported":true,"timerange":{"min":1608336000,"max":1782500400},"modified":1782504552,"descriptors":{"name":"Net Unrealized Profit/Loss (NUPL)","short_name":"Net Unrealized Profit/Loss (NUPL)","group":"Unrealized Profit/Loss","tags":["on-chain","valuation","profit_loss","unrealized_profit_loss"],"description":{"default":"**Definition.** Net Unrealized Profit/Loss (NUPL) is the difference between Relative Unrealized Profit and Relative Unrealized Loss.\n\n**Technical.** NUPL can also be computed by subtracting realized cap from market cap and dividing the result by market cap.\n\n**Notes.** For more information, see our article on [dissecting Bitcoin's unrealised on-chain profit/loss](https://medium.com/glassnode-insights/dissecting-bitcoins-unrealised-on-chain-profit-loss-73e735020c8d) and the primer on [Bitcoin investor sentiment and changes in saving behavior](https://medium.com/@adamant_capital/a-primer-on-bitcoin-investor-sentiment-and-changes-in-saving-behavior-a5fb70109d32) for the alternative formulation.\n"},"data_sharing_group":"onchain"}}