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BTC - Net Unrealized Profit (USD)
Description
The Bitcoin Net Unrealized Profit shows the total amount of unrealized profit on the network held in profitable UTXOs. Unprofitable UTXOs are excluded. All valuations are in USD.
Bitcoin's USD Market Price is included for reference.
Pseudocode
for each block in blockchain:
block.unrealprofit := sum(utxo.cur_val - utxo.cost_basis) from utxo_table where utxo.last_move_price < btc_usd(block.time)
(x,y) := (block.time, block.unrealprofit)
for each hour in blockchain:
hr_unrealprofit_usd := first(blockchain[hr_start:hr_end].unrealprofit)
(x,y) := (hour, hr_unrealprofit_usd)
for each day in blockchain:
day_unrealprofit_usd := first(blockchain[day_start:day_end].unrealprofit)
(x,y) := (day, day_unrealprofit_usd)
Technical Info
By tracking each UTXOs purchase price and value in Satoshis, we can determine which UTXOs are profitable, calculate their current profits, sum them up, and chart the sum over time.
- Hourly and daily aggregations are derived from block data using first for this metric.
- Hourly data contains occasional gaps; no blocks were generated during these times.
Related Metrics
Disclaimers
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