Entity-adjusted STH-NUPL is an improved variant of Shot-Term Holders Net Unrealized Profit/Loss (STH-NUPL) that discards transactions between addresses of the same entity ("in-house" transactions). Entity-adjusted STH NUPL therefore accounts for real economic activity only, and provides an improved market signal compared to its raw UTXO-based counterpart. For detailed information read this article. An entity is considered as a Short-Term Holder if the time since its averaged purchasing date is less than 155 days.

This is the Point-in-Time (PiT) variant of Entity-Adjusted STH-NUPL. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.