"Bitcoin's NUPL reading places investors in what Fidelity researchers describe as the Hope-Fear zone, a condition marked by modest unrealized profits and cautious sentiment. The reading does not confirm that a durable bottom is in place, though the research team notes that similar NUPL levels have historically preceded a median one-year return of 63%."
"Ethereum's NUPL fell 171% over the first quarter, from 0.17 to -0.12, as the price dropped 29%. Solana's NUPL fell 148%, landing at -0.67, while SOL price shed 33% during the same period. Both networks show tentative signs of stabilization after touching local lows in early February."
Fidelity Digital Assets' Q2 2026 Signals Report reveals Bitcoin's NUPL score at 0.21, indicating a cautious investor sentiment. Bitcoin, Ethereum, and Solana have experienced significant year-to-date declines of 25%, 31%, and 38%, respectively, influenced by $2.56 billion in liquidations. Ethereum's stablecoin transfer value reached an all-time high, suggesting growth in real-world utility. Despite negative performance, Bitcoin's historical NUPL levels suggest potential for future gains, while Ethereum and Solana show signs of stabilization after recent lows.
Read at news.bitcoin.com
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