BTC Short-Term Holder NUPL: 0.113
The paper profit or loss of recent buyers — coins that changed hands within the last 155 days. Below zero this fast-moving group is underwater. Every point shown is real up to the date on the badge above the chart.
Take **only** the coins that moved within the last 155 days. Compare what they are worth now with what they were bought for, and express the gap as a share of today's value.
This group is the market's weakest hands, so their pain matters. For example, −0.10 means recent buyers are 10% underwater as a group — historically that is where panic selling has clustered and short-term bottoms have formed.
Above about 0.3, recent buyers are sitting on large gains, which has usually come during the excited part of a rally. This flips between profit and loss far faster than the patient-owner version.
In words: for coins that moved within the last 155 days, take today's value minus the price they were bought at, then divide by today's value.
Every point on screen is real and complete up to the date on the badge **above** the chart. The outside feed that supplied them is switched off for good; **our own Bitcoin node** — a full copy of the blockchain that we run ourselves — is recounting this series from the very first block, and new points resume once that finishes.
Coins join and leave this group purely by ageing, so the reading changes even when nobody trades.
bitcoin-data.com (BGeometrics) supplied every point on this chart, and each one is real up to the snapshot date shown. Safu switched that feed off for good because its licence does not let us republish the data, so no newer days and no older days will arrive from it — no paid key and no purchased history are planned. Safu's own Bitcoin node is re-reading the blockchain from 2009 to rebuild this history. Feed no longer used.
History from bitcoin-data.com (no longer collected) · daily points, 2022+ · historical snapshot, no longer updating