Network Profit/Loss Looking Safest it Has in a While for Major Assets

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brianq
Mar 4, 2021


Network Realized Profit or Loss (NPL) calculates the overall ROI across all daily transactions for a crypto asset. Generally, spikes are what we look to avoid, as it implies increased chances of local tops and short-term price normalization.


So are we seeing major spikes to be worried about? Here's how NPL currently looks for some of crypto's biggest names:



Bitcoin

Bitcoin hit its lowest NPL of the month yesterday, and is well below its 30d and 200d trendlines. A great sign that an imminent local top isn't approaching.



Ethereum

ETH is more neutral than BTC, sitting right between its 30d and 200d trendlines.



Chainlink

Chainlink is at a low for the month in NPL, and this coincides with a major address activity spike. Could be good here.



Litecoin

LTC's NPL is below the 30d and 200d trendlines and has been sitting encouragingly low for about 2 straight weeks now.

BTCETHLINKLTC
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brianq
Mar 4, 2021

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Assets from this insight

Bitcoin logo

BitcoinBTC

$ 47329.65

3.06%in last 7d
Ethereum logo

EthereumETH

$ 3347.66

2.33%in last 7d
ChainLink logo

ChainLinkLINK

$ 27.93

2.23%in last 7d
Litecoin logo

LitecoinLTC

$ 177.34

2.92%in last 7d