Realized profit / loss ratio — Bitcoin onchain, per block

A high value means far more money is being taken off the table in profit than in loss; a low value means losses dominate, which is what capitulation looks like.

DefinitionRealized profit / realized loss, summed over the trailing 144 blocks. The ratio, not the net, and ranked on ln(ratio).

LimitIt has to be a trailing daily sum: at per-block resolution the denominator is zero in most blocks and the raw ratio would be infinite about half the time.

Unitratio

Also filed under

Are holders selling at a profit Are the coins moving right now being sold at a gain or a loss?
Profit and loss, in money How much profit and loss is actually being taken, in euro?
Cycle position Where in the cycle are we, on the fifteen indicators the dashboard ranks?
SOPR are spent coins moving at a gain or a loss
Adjusted SOPR SOPR with same-day shuffling removed
Short-term holder SOPR are recent buyers selling at a gain or a loss
Long-term holder SOPR are patient holders selling at a large multiple

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