ABYSS Index
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NUPL · BTC
0.09
hope / fear
NUPL (Net Unrealized Profit/Loss) measures the market's aggregate unrealized gain or loss: (market cap − realized cap) ÷ market cap. It reflects market psychology, from capitulation to euphoria.
Formula: (market cap − realized cap) ÷ market cap.
How to read it
Below 0 is capitulation (losses); 0-0.25 hope/fear; 0.25-0.5 optimism; 0.5-0.75 belief; above 0.75, euphoria (tops).
| Range | Zone |
|---|---|
| < 0 | capitulation |
| 0 – 0.25 | hope / fear |
| 0.25 – 0.5 | optimism |
| 0.5 – 0.75 | belief |
| ≥ 0.75 | euphoria |
See the full dashboard → Cycle overviewMethodology
Computed by ABYSS Index from our own Bitcoin node and reference price — freely redistributable. For educational purposes only. Not financial advice. Español