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
Capital Rotation
Tracks the flow of capital between different cohorts of Bitcoin holders — from long-term holders to short-term holders and vice versa, based on UTXO age distribution changes.
Sell-Side Risk Ratio
Measures the total amount of realised profit and loss relative to the Realised Cap. Indicates the significance of profit/loss-taking activity relative to the market's total value.
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.
Unrealised Profit/Loss
The total unrealised profit or loss of all Bitcoin held on-chain, calculated by comparing each UTXO's acquisition price to the current market price.