Bitcoin holders' Net Unrealized Profit/Loss metric rose to 0.36, Fidelity says this level corresponds to a median return of 93% over the following year

Odaily reports that Fidelity Digital Assets noted in a report that Bitcoin holders' Net Unrealized Profit/Loss (NUPL) metric rose from 0.09 to 0.36 last quarter. According to the report, historical data shows that when this metric is around 0.36 (±0.05), the median return over the following year has often reached 93%.