Unrealized profit
paper gains not yet sold
How much money holders are up on paper but have not sold. It is the fuel that a sell-off burns.
DefinitionPrice x supply in profit, minus the cost basis sitting below the live price.
LimitProvisional. The split between the profit and loss sides is approximate: it comes from 1,024 logarithmic price bins, each 2.04% wide. The loss side is taken as the exact remainder, so unrealized profit minus unrealized loss still equals market cap minus realized cap exactly. It is the split, not the total, that is binned.