Net_Unrealized_Profit_Loss_LTH
Tech spec
| Field | Value |
|---|---|
| API name (slug) | net_unrealized_profit_loss_lth |
| Group | net unrealized profit loss (nupl) |
| Unit / Valuetype | usd / other |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/net_unrealized_profit_loss |
| Tier | 0 |
| Last updated | 2025-08-26 14:41 UTC |
| Docs | Open in Swagger |
Brief Description: The net unrealized profit or loss realized on-chain, in USD.
The Net_Unrealized_Profit_Loss_LTH is an on-chain metric for Bitcoin that captures the aggregate unrealized profitability of transactions. The Net_Unrealized_Profit_Loss_LTH quantifies the profitability of Bitcoin holders by comparing the market price of unspent coins to their acquisition cost. This metric offers insights into market trends and investor behavior.
Metric variants
- _lth: Net_Unrealized_Profit_Loss_LTH restricted to Long-Term Holders (age ≥ 155 days).
- _sth: Net_Unrealized_Profit_Loss_LTH restricted to Short-Term Holders (age < 155 days).
Interpretation Net_Unrealized_Profit_Loss_LTH provides insights into the sentiment and behavior of market participants. When the value is high and positive, it may indicate optimism among investors, as their holdings are in profit. On the other hand, negative values signal that these holders are, on average, at a loss, which could be associated with bearish market sentiment or potential selling pressure.
Advanced Explanation The metric is calculated by considering the value of each unspent transaction output (UTXO), comparing it with its realized price, and aggregating this data for across investors. To understand the concept mathematically:
Net_Unrealized_Profit_Loss_LTH = (Market Value - Realized Value) / Market Value