"Short Term Holder NUPL Heatmap" is a visual representation that highlights the Net Unrealized Profit/Loss (NUPL) indicator for short-term investors. The NUPL measures the level of unrealized profit or loss for investors based on the purchase price of their cryptocurrencies. This heatmap provides a comprehensive view of the profit or loss situation for short-term investors at different times, allowing for the analysis of market trends and sentiments. It is a valuable tool for understanding the performance and sentiment of short-term investors.
Trendlines on the indicator help identify support and resistance regions with high accuracy, and currently, it is at a significant resistance level.