Net Realised Profit/Loss
What Is Net Realised Profit/Loss?
The net difference between realised profit and realised loss on a given day. Shows whether more value is being realised as profit or loss across the network.
How to Interpret
Sustained positive values = holders consistently taking profits (potential distribution). Sustained negative = sustained loss realization (capitulation phase).
More Profit & Loss Metrics
Realised Cap
The sum of all UTXOs valued at the price they were last transacted. Unlike market cap which values all coins at current price, Realised Cap weights each coin by its last on-chain moved price.
Realised Profit/Loss
The total profit or loss actually realized by coins that moved on-chain. Calculated from the difference between the price at which coins were acquired and the price at which they were moved.
Supply in Profit/Loss
The percentage of Bitcoin's circulating supply currently held at a profit vs. at a loss. Determined by the acquisition price of each UTXO relative to current price.
SOPR
Spent Output Profit Ratio — the ratio of the price at which coins were spent to the price at which they were acquired. Shows whether coins are being moved at a profit (>1) or loss (<1).