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BTC - Realized Profit & Loss Sum, Entity-Adjusted (USD)

Description

The Bitcoin Realized Profit & Loss Sum, Entity-Adjusted (USD) shows the aggregate profit or loss realized on-chain by asset holders over time in USD based on an entity-adjusted cost basis. This is the sum of two other metrics: Entity-Adjusted Realized Profit plus Entity-Adjusted Realized Loss, charted together here.

For the unadjusted data , the unadjusted Realized Profit & Realized Loss metrics (based on an unadjusted cost basis) are used.

Bitcoin's USD Market Price is included for reference.

Pseudocode

Bitcoin Realized Profit & Loss, Entity-Adjusted & Unadjusted (USD):

for each block in blockchain:
  for each tx in block:
    pl_usd := tx.val_usd - tx.costbasis_usd
    if (pl_usd > 0):
      block.profit += tx.pl_usd
    else:
      block.loss += tx.pl_usd
    if not block.is_intra_entity:
      pl_usd_eadj := tx.val_usd - tx.costbasis_usd_eadj
      if (pl_usd_eadj > 0):
        block.profit_eadj += tx.pl_usd_eadj
      else:
        block.loss_eadj += tx.pl_usd_eadj
      block.pl_sum := block.profit + block.loss)
      block.pl_ea_sum := block.profit_eadj + block.loss_eadj)
  (x,y1) := (block.time, block.pl_sum)
  (x,y2) := (block.time, block.pl_ea_sum)

for each hour in blockchain:
  hr_p_usd := sum(blockchain[hr_start:hr_end].profit)
  hr_l_usd := sum(blockchain[hr_start:hr_end].loss)
  hr_pl_sum := hr_p_usd + hr_l_usd
  (x,y1) := (hour, hr_pl_sum)

  hr_p_eadj_usd := sum(blockchain[hr_start:hr_end].profit_eadj)
  hr_l_eadj_usd := sum(blockchain[hr_start:hr_end].loss_eadj)
  hr_pl_eadj_sum := hr_p_eadj_usd + hr_l_eadj_usd
  (x,y2) := (hour, hr_pl_eadj_sum)

for each day in blockchain:
  day_p_usd := sum(blockchain[day_start:day_end].profit)
  day_l_usd := sum(blockchain[day_start:day_end].loss)
  day_pl_sum := day_p_usd + day_l_usd)
  (x,y1) := (day, day_pl_sum)

  day_p_eadj_usd := sum(blockchain[day_start:day_end].profit_eadj)
  day_l_eadj_usd := sum(blockchain[day_start:day_end].loss_eadj)
  day_pl_eadj_sum := day_p_eadj_usd + day_l_eadj_usd)
  (x,y2) := (day, day_pl_eadj_sum)

Technical Info

This metric is the sum of profit and loss values from Realized Profit & Loss Split, Entity-Adjusted (USD) for entity-adjusted data.

This metric is the sum of profit and loss values from Realized Profit & Loss Split (USD) for unadjusted data (chart in progress).

As coins move between TXOs, we track the difference between the values of acquisition and sale, and we do this for every transaction on the chain. For the unadjusted data, each time a coin moves, its cost basis and profit values reset. For the entity-adjusted data, the cost basis for a coin only resets when the coin travels between entities, and intra-entity "profits" are excluded. Here we chart the profit and loss total for all transactions.

Our entity tracking uses a proprietary algorithm, the foundation of which groups transaction input addresses. We currently track over 99 600 000 entities, spanning over 795 000 000 addresses. The largest entity has approximately 37 480 000 addresses, and the average has 7.98.

Hourly and daily aggregations are derived from block data using sum for this metric.
Hourly data contains occasional gaps; no blocks were generated during these times.

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