Fidelity Digital Assets released a report analyzing that Bitcoin, Ethereum, and Solana's NUPL (Net Unrealized Profit/Loss) are at historically low levels, with multiple on-chain indicators approaching the capitulation zone. According to the report, as of the end of Q2, Ethereum is trading at approximately 30% below its average acquisition price. Unrealized losses amount to approximately $87 billion. Solana is trading at approximately 41% below its average acquisition price, with unrealized losses of approximately $29 billion. Bitcoin is the only one in an unrealized profit state, trading at approximately 10% above its average acquisition price. Unrealized profits amount to approximately $108 billion. However, Fidelity assessed that the current valuation could be an attractive entry point for long-term investors.
