Realized Profit / Loss
Every coin that moves is valued at the price of the day it moves and compared with the price of the day it last moved. If today's price is higher, the difference counts as realized profit, otherwise as realized loss. The chart shows both sums per day (per week for ranges of a year or more) and, above the price, a bubble for the balance: green for net profit, red for net loss, sized by amount. Computed at UTXO level without entity clustering — transfers between an owner's own wallets count, so values tend to run above entity-adjusted figures. Descriptive, not a buy/sell signal.
- Formula:
- Realized P/L = Σ (price at spend − price at creation) × amount, per spent output · net = profit − loss
- Originator:
- Realized cap: Nic Carter & Antoine Le Calvez (Coinmetrics, 2018) · profit/loss split: on-chain standard · data: Bitcoin Research Kit
- Data source:
- Bitcoin Research Kit (realized_profit_sum_24h + realized_loss_sum_24h, UTXO-Ebene) + btc_price_daily. Backfill 2026-10-19 ab 2009-01-03 (6.494 Zeilen je Seite).
Strategies to backtest
Thematically related strategies from our library — try them in the backtest engine or read up on the methodology.
The benchmark for everything else — buy on day one, hold forever. The reference every strategy is measured against.
Open strategy →Buy a fixed amount on a fixed schedule — week after week, regardless of price. Smooths volatility, removes timing decisions.
Open strategy →More Bitcoin indicators
Is crypto-internal liquidity expanding or contracting? Stablecoin supply, spot-ETF flows and realized-cap change as 30-day impulses on one percentile scale — with breadth, dispersion and a declared composition. A state, not a signal.
How stretched is Bitcoin against its usual means? Four distances as a rank within their own history, averaged — and the reading "crossing above 30 = bottom" tested with a preregistered study.
Difference between market cap and realized cap, normalised by standard deviation. Values above 5 mark the top region (4 of 5 historical bull tops), below 0 every bottom.