The total profit or loss actually realized by coins that moved on-chain. Calculated from the difference between the price at which coins were acquired and the price at which they were moved.
Large spikes in realised profit — holders locking in gains — can create sell pressure at tops. Sustained realised losses indicate capitulation during bear markets.
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.
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).
The total unrealised profit or loss of all Bitcoin held on-chain, calculated by comparing each UTXO's acquisition price to the current market price.
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.