Realized Loss by Loss Margin

ما الذي يقيسه

Realized Loss by Loss Margin sorts spent coins by their percentage loss from last-move cost and sums the USD losses within each band. A coin's return is its spending price divided by its previous price minus one; the chart values are dollar amounts, not percentages, and Total sums the losses.

كيفية قراءته

A larger -10% to 0% reading means substantial loss realization close to breakeven; activity in deeper bands shows coins moving far below cost. The -78.6% to -61.8% band reached about $3.94 billion on November 18, 2022, whereas -23.6% to -10% peaked near $3.04 billion on November 22, 2025. Similar headline loss totals can therefore mask very different loss depths.

A deep band need not dominate in coin volume: each BTC can contribute a larger dollar loss there. Transfers are not necessarily sales, and nominal USD levels grow with market scale. Positive-return bands contribute zero to realized loss; their presence in the field list does not mean profits are subtracted from the loss total.