Sell-Side Risk Ratio
What Is 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.
How to Interpret
High values indicate significant profit or loss events relative to market size — often at cycle extremes. Low values indicate equilibrium with minimal profit/loss realization.
More Profit & Loss Metrics
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.
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.
MVRV Gradients
The rate of change of the MVRV ratio over time. Shows the acceleration or deceleration of unrealised profits/losses across the market.
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).