Entity-Adjusted Long-Term Holder Realized Profit

Co měří

Entity-Adjusted Long-Term Holder Realized Profit totals the USD gains attributed to the long-term holder cohort on transfers between distinct entities above acquisition cost. The cohort generally represents holdings around 155 days or older, with identified internal wallet movements filtered out.

Jak to číst

Increasing profit shows more accumulated gains being recognized by longer-held capital, which can reflect older supply changing hands. The series reached about $1.04 billion on December 12, 2017, and $4.52 billion on July 17, 2025. Falling values indicate less profit realization, not necessarily a decline in the cohort's unrealized gains.

Older coins can have very low costs, so a few large movements can dominate the dollar total. Cohort assignment and entity estimates change over time, and transfers need not be sales. This is a flow of recognized gains, not a measure of the long-term holder supply remaining.