The post Ethereum NUPL on Binance Drops to Nine-Month Low as Unrealized Losses Mount appeared on BitcoinEthereumNews.com.

TLDR: Ethereum NUPL on Binance has fallen to -0.1689, marking its lowest recorded value in approximately nine months. A negative NUPL reading shows most Binance ETH reserves are currently sitting in unrealized loss territory near $1,973. The last comparable NUPL dip on Binance occurred around May 2024, during a sharp digital asset market correction. Historically, deep negative NUPL levels on Binance have been associated with reduced selling pressure and potential accumulation zones. Ethereum NUPL on Binance has fallen to its lowest point in about nine months. The Net Unrealized Profit/Loss indicator is currently sitting near a value of -0.1689 on the exchange. This places a considerable portion of Binance’s Ethereum reserves in unrealized loss territory. Ethereum is trading at approximately $1,973 at the time of writing. The reading is drawing attention from market participants monitoring sentiment on the world’s most liquid crypto exchange. What the Negative NUPL Reading Signals for Ethereum Holders on Binance The Ethereum NUPL on Binance measures whether coins held in the exchange’s reserves sit in unrealized profit or loss. It does not track the broader Ethereum network as a whole. Rather, it focuses solely on Binance’s reserve activity, offering exchange-specific sentiment data. A negative reading like -0.1689 shows that most Ethereum held on Binance is currently at a loss. Historically, this type of reading tends to slow selling pressure on the market. Traders holding unrealized losses are less inclined to sell and lock those losses in. Source: Cryptoquant This shift matters because Binance is the world’s most liquid cryptocurrency exchange by volume. Activity on its platform carries outsized influence over broader market dynamics. Binance processes billions in daily trading volume, making its reserve data particularly relevant. When its holders move into loss territory, the behavioral response often differs from what broader network data shows. The NUPL…

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Filed under: News - @ February 22, 2026 4:27 pm