2024-12-24T16:42:24+0800

This video presents an overview of the Net Unrealized Profit/Loss on-chain metric (and variants) for Bitcoin. Net Unrealized Profit and Loss metrics answer the question: if all units of a given currency were sold today, how much would investors stand to gain or lose? By looking at the delta between the price when a UTXO was created vs. the current price of an asset, we can determine whether the specific coins in that UTXO are in a state of unrealized profit (price has increased) or loss (price has decreased). When looking at this across the entire network, we can see how much of the network is in profit, and how much is in loss.