BTC - Relative Unrealized Loss
Description
The Bitcoin Relative Unrealized Loss shows the ratio of Net Unrealized Loss to Market Cap. Valuations used are in USD.
Bitcoin's USD Market Price is included for reference.
Pseudocode
for each block in blockchain:
block.unrealloss := abs(sum(utxo.cur_val - utxo.cost_basis) from utxo_table where utxo.last_move_price > btc_usd(block.time))
minted_btc := block.coinbase_btc - block.fees
total_supply_btc += minted_btc
market_cap := total_supply_btc * btc_usd(block.time)
block.rel_unreal_loss := block.unrealloss / market_cap
(x,y) := (block.time, block.rel_unreal_loss)
for each hour in blockchain:
hr_relunrealloss_usd := avg(blockchain[hr_start:hr_end].rel_unreal_loss)
(x,y) := (hour, hr_relunrealloss_usd)
for each day in blockchain:
day_relunrealloss_usd := avg(blockchain[day_start:day_end].rel_unreal_loss)
(x,y) := (day, day_relunrealloss_usd)
Technical Info
- Hourly and daily aggregations are derived from block data using average for this metric.
- Hourly data contains occasional gaps; no blocks were generated during these times.
Related Metrics
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