On-chain data shows the Bitcoin Net Unrealized Profit/Loss (NUPL) has plunged 
recently. Here&#8217;s what this could mean for the cryptocurrency. Bitcoin NUPL Has 
Dropped To The 0.18 Level In a new post on X, o-chain analytics firm Glassnode 
has talked about the latest trend in the Bitcoin NUPL, which is an indicator 
that compares the amount of unrealized profit and loss held by investors on 
the BTC blockchain. The metric works by going through the transaction history 
of each token on the network to find the price at which they were last 
involved in a transfer. If this previous selling price is greater than the 
current spot price for any coin, then that particular token is assumed to be 
carrying some net unrealized profit. Similarly, the cost basis being lower 
implies the token is underwater. Related Reading: Bitcoin On-Chain Heatmap 
Shows All Major Metrics In The Red The exact amount of profit/loss held by a 
coin is equal to the difference between the two prices. The NUPL sums up this 
value for each category and then subtracts it to determine the net situation 
for the network. Additionally, it also divides the result by the market cap to 
showcase how the net profit/loss among investors looks relative to the asset&#8217;s 
total valuation. Now, here is the chart shared by Glassnode that shows the 
trend in the Bitcoin NUPL over the last few years: As displayed in the above 
graph, the Bitcoin NUPL shot up above the 0.5 level during the rallies in 2024 
and 2025. This suggests that investors were carrying net profits more than 
half as much as the cryptocurrency&#8217;s market cap. These phases of euphoria were 
followed by price declines that took the metric into the zone between 0.25 and 
0.5. BTC managed to recover from the first two of these drops, but the latest 
one has been followed by an extended phase of downtrend. From the chart, it&#8217;s 
visible that this bearish action has taken the cryptocurrency to a value of 
0.18. This level indicates that profits are still dominant on the network, but 
they are much thinner than before. The level lies inside a region that the 
analytics firm defines as pertaining to &#8220;hope/fear&#8221; among the investors. &#8220;This 
regime tends to be reactive: rallies meet sell pressure, and downside can 
extend as conviction fades,&#8221; explained the analytics firm. The last time that 
the Bitcoin NUPL saw a substantial drawdown into the region was during the 
2022 bear market. Back then, the cryptocurrency ended up traveling right 
through the zone and into the extreme fear area below the zero level, 
corresponding to net losses being held by the majority of investors. Related 
Reading: Shiba Inu At Risk of 70% Decline? Price Breaks Below Parallel Channel 
It now remains to be seen how long the cryptocurrency will stay in the region 
for this time around and which one will follow next. BTC Price Bitcoin dropped 
toward $65,000 on Thursday, but the asset has kicked back up to $69,000 on 
Friday. Featured image from Dall-E, chart from TradingView.com

Bitcoin NUPL Back In Hope/Fear Region: What Happens Next?

Ripple pushes the Federal Reserve to modernize payment account rules to 
support stablecoin issuers, arguing targeted reforms could strengthen dollar 
dominance, reduce systemic risk and accelerate compliant digital asset 
integration into U.S. financial infrastructure. Ripple Urges Fed to Modify 
Payment Account Framework for Stablecoin Issuers Regulatory engagement around 
digital assets continues to expand as companies […]

Ripple Seeks Fed Payment Account Changes, Citing Implications for RLUSD and XRP Infrastructure

A US Army veteran and XRP community influencer has drawn attention with a bold 
prediction: he believes XRP could overtake Bitcoin as the top cryptocurrency 
within six years. Related Reading: Calm Down: Ethereum Has Survived 8 Major 
50% Falls, Lee Reminds Investors His comments come amid a period of market 
turbulence that has seen Bitcoin’s value slide and XRP’s price fluctuate. 
Analysts warn the scenario is highly speculative, but it has sparked debate 
among traders and enthusiasts alike. Market Size Versus Market Story Reports 
note that Bitcoin still dominates. With a market cap near $1.37 trillion, it 
dwarfs XRP’s $86 billion. At current prices, XRP would need to climb to 
roughly $22.5 per token just to match Bitcoin’s market value. That represents 
a nearly 1,500% increase from today’s trading levels. The scale of the gap 
makes Patrick Riley’s forecast ambitious, especially considering Bitcoin’s 
long-standing role as the leading crypto asset. If Bitcoin doesn&#8217;t break 
$150,000 this year and reclaim it&#8217;s twelve year trend line, it&#8217;s going to re- 
test $1,000. Either way it goes, $XRP will take the #1 spot within the next 6 
years after which Bitcoin will be relegated to a nostalgia collectible for 
those with an interest in… pic.twitter.com/TxOnCdCqHB — Patrick L Riley 
(@Acquired_Savant) February 10, 2026 Riley bases part of his prediction on 
long-term trendlines. According to him, Bitcoin’s price has slipped below 
significant trendlines drawn over the past decade. Whether Bitcoin recovers 
above these levels or continues its decline, Riley believes XRP could rise to 
take the top spot. He sets a timeline of six years for this shift, putting the 
potential event around 2032. Technical Lines And Tale-Telling Reports have 
disclosed that trendlines can influence trader behavior but do not guarantee 
outcomes. A chart stretching back over a decade may appear decisive, yet 
actual price movements are shaped by many factors: market confidence, 
institutional activity, regulation, and capital flows. Riley has previously 
made headlines for suggesting high-profile figures are tied to Bitcoin’s 
creation and framing market swings as deliberate attempts to suppress XRP. 
Such claims energize communities but are not proof of likely outcomes. 
Currently, Bitcoin trades roughly 16 times larger than XRP by market 
capitalization. Even after recent market drops, it maintains deep liquidity 
and a strong network effect. XRP would need a combination of wider adoption, 
investor confidence, and market momentum to close that gap. According to 
reports, this would require events that fundamentally shift how capital is 
allocated in the crypto space. Related Reading: Is XRP About To Surprise The 
Market? Finance Expert Weighs In What Would Have To Happen Reports say XRP 
overtaking Bitcoin remains a speculative scenario. Bitcoin would need to 
experience a sharp decline, or XRP would need extraordinary growth — possibly 
both — for the top spot to change hands. Market watchers suggest keeping an 
eye on adoption trends, partnerships, and price action over the coming years. 
For now, Bitcoin’s position remains secure, while XRP’s potential rally 
continues to excite its community. Featured image from Unsplash, chart from 
TradingView

XRP Set To Dethrone Bitcoin Within 6 Years, Entrepreneur Says

XRP continues to face persistent selling pressure, with price action showing 
limited momentum as broader crypto market conditions remain fragile. The token 
has struggled to establish a clear recovery trend, reflecting cautious 
investor sentiment and subdued speculative activity. While volatility has 
eased compared with previous sharp moves, the lack of strong buying conviction 
suggests the market remains in a consolidation phase rather than a confirmed 
rebound. Related Reading: Bitcoin BCMI Drops Toward Bear Market Territory: How 
Close Is BTC To A Real Buy Zone? A recent CryptoQuant report provides 
additional insight through analysis of XRP trading volume on Binance using a 
30-day Z-Score framework. According to the data, XRP is currently trading near 
$1.37, with daily trading volume around 173 million XRP. The Z-Score hovering 
close to zero indicates that trading activity is broadly aligned with its 
recent historical average, without significant spikes or contractions. This 
equilibrium in volume typically reflects a balance between buyers and sellers, 
often emerging after periods of heightened volatility. Rather than signaling 
immediate bullish or bearish dominance, such conditions tend to accompany 
market stabilization or repositioning phases. In practical terms, the data 
suggest traders are reassessing exposure while awaiting clearer directional 
signals. Until a decisive increase in volume or sentiment emerges, XRP’s price 
dynamics may remain slow, with consolidation continuing to define the near- 
term market environment. XRP Volume Equilibrium Suggests Consolidation Before 
Next Major Move Historical comparisons in the CryptoQuant report suggest that 
XRP’s volume Z-Score has frequently acted as a leading indicator for major 
price movements. Periods marked by sharp spikes in the metric have often 
preceded significant directional moves, both upward and downward, as sudden 
increases in trading activity typically reflect shifts in market conviction. 
Conversely, when the Z-Score stabilizes near zero, the market tends to enter a 
consolidation phase in which buying and selling pressures remain broadly 
balanced before a new trend eventually develops. The current reading fits this 
latter pattern. With the Z-Score hovering close to neutral levels, XRP appears 
to be in a holding phase rather than building momentum for an immediate 
breakout. This environment generally corresponds with reduced volatility, 
slower price development, and cautious positioning among market participants. 
However, such equilibrium phases rarely persist indefinitely. A decisive 
increase in trading volume could quickly alter the landscape. A sustained move 
in the Z-Score above +2 would likely signal strengthening participation and 
potential bullish momentum, while a sharp drop below that threshold could 
indicate renewed defensive positioning and the risk of further corrective 
pressure. For now, volume behavior suggests preparation rather than 
resolution, with the next significant move likely dependent on whether 
participation expands or contracts. Related Reading: Ethereum Endures Historic 
Liquidation Week: Largest Sustained Liquidation Phase Since 2021 XRP Price 
Tests Key Support As Downtrend Structure Persists XRP continues to trade under 
sustained selling pressure, with the chart showing a clear deterioration in 
structure since late 2025. After failing to hold above the $2.00–$2.20 region, 
price action accelerated lower, pushing XRP toward the $1.30–$1.40 area, which 
now represents the nearest visible support zone. The recent decline appears 
sharp rather than gradual, suggesting reactive selling rather than orderly 
repositioning. From a trend perspective, XRP is trading below its major moving 
averages, which are now sloping downward. This alignment typically reflects a 
bearish medium-term structure, where rallies tend to encounter resistance 
rather than trigger sustained upside continuation. The inability to reclaim 
these averages reinforces the idea that momentum currently favors sellers. 
Related Reading: Bitcoin Realized Losses Hit Luna Crash Levels — But Price 
Context Points To A Different Market Phase Volume dynamics also deserve 
attention. The latest drop was accompanied by elevated activity compared with 
preceding consolidation phases, indicating active participation in the selloff 
rather than thin liquidity moves. Historically, such spikes can precede either 
capitulation lows or continued downside, making confirmation essential. 
Technically, a sustained recovery above the $1.80–$2.00 region would be needed 
to stabilize sentiment. Until then, the broader structure suggests caution, 
with consolidation or further downside remaining plausible scenarios while 
market confidence rebuilds. Featured image from ChatGPT, chart from 
TradingView.com

Liquidity Or Liability? History’s Hard Lessons For The XRP Momentum Play

Cryptocurrency markets have undergone structural changes that may prevent most 
alternative digital assets from reaching their previous all-time highs.

Cryptocurrency price in CNY