Glassnode: Despite Bitcoin hitting new highs, long-term holders' net unrealized gains and losses remain below the frenzy zone

Glassnode tweeted that although BTC prices have surpassed $118000, setting a new high, long-term holders' net unrealized gains and losses (NUPL) are still below the Euphoria Zone, currently at 0.69. This cycle only exceeded the threshold of 0.75 for about 30 days, while the previous cycle had 228 days.