The Net Unrealized Profit and Loss (NUPL) metric is a key indicator for gauging Bitcoin’s market health. It helps investors understand unrealized profits and losses within the market. Glassnode, a renowned on-chain analytics platform, provides valuable insights and data on NUPL, enabling users to track changes over time. Understanding this metric can lead to better investment decisions in the Bitcoin market. A high NUPL typically signifies that there is a significant portion of the market in profit, which could potentially result in increased selling pressure, while a low NUPL suggests many investors are at a loss, possibly indicating an opportunity for buying.