RealizedLoss_excl_churn
Tech spec
| Field | Value |
|---|---|
| API name (slug) | realized_loss_excl_churn |
| Group | realizedloss |
| Unit / Valuetype | usd / - |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/realizedloss |
| Tier | 0 |
| Last updated | 2025-08-19 17:25 UTC |
| Docs | Open in Swagger |
Brief Description: The total USD value of Bitcoin transactions conducted at a financial loss.
The metric known as RealizedLoss_excl_churn quantifies the realized monetary loss in US dollars that occurs when Bitcoin held by investors is sold at a price lower than its purchase value.
Metric variants
- _lth: RealizedLoss_excl_churn restricted to Long-Term Holders (age ≥ 155 days).
- _sth: RealizedLoss_excl_churn restricted to Short-Term Holders (age < 155 days).
- excl_churn: all UTXOs but excluding 'churn', that is transaction with a lifespan less than 1h.
Interpretation The RealizedLoss_excl_churn metric serves as a barometer for sentiment among investors. A high value suggests a large-scale capitulation, possibly indicating market panic or distress, which could be a signal of local bottoms or points of maximum financial stress. Conversely, lower values may suggest that investors are experiencing less pressure to sell at a loss, possibly indicating a healthier market state or less volatility.
Advanced Explanation RealizedLoss_excl_churn is a summation of the losses realized by investors when they transact their Bitcoin. Each investor's loss is calculated by comparing the purchase value of Bitcoin at the time it was acquired with the selling price on the day of the transaction. The difference, if negative, signifies a loss, which is then denoted in USD. When aggregated, this gives an overall view of the economic value lost by investors.
RealizedLoss_excl_churn = Sum( Purchase Price - Selling Price ) , only considering utxos in loss.