STH-NUPL serves as an indicator of profit and loss, as assessed by the behaviour of short-term investors.
Indicator Overview
Short Term Holder NUPL (STH-NUPL) is Net Unrealized Profit/Loss that takes into account only UTXOs with a lifespan of less than 155 days and serves as an indicator to assess the behaviour of short term investors.
STH-NUPL is calculated by taking the NUPL value only for spent outputs younger than 155 days.
STH-NUPL=STH-Relative Unrealized Profit−STH-Relative Unrealized Loss=STH-Market CapSTH-Market Cap−STH-Realized Cap=value⋅price[USD](of all UTXOs where age<155days)value⋅(price[USD]−pricecreated[USD])(of all UTXOs where age<155days)