URPD
What Is URPD?
UTXO Realised Price Distribution — shows the distribution of Bitcoin's supply at the price levels where coins were last moved. Creates a histogram of cost basis across all supply.
How to Interpret
Large clusters of supply at specific price levels create strong support/resistance zones. Gaps in the URPD (price levels with little supply) suggest areas where price may move quickly.
More Profit & Loss Metrics
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.
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.
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).
MVRV Gradients
The rate of change of the MVRV ratio over time. Shows the acceleration or deceleration of unrealised profits/losses across the market.