Entity-Adjusted Short-Term Holder Realized Profit

Mit mér

Entity-Adjusted Short-Term Holder Realized Profit sums positive USD differences between transfer value and acquisition cost for coins moved by short-term holders each day. Transfers within the same identified entity are excluded; the cohort uses an average acquisition age around the 155-day boundary.

Hogyan értelmezzük

A rising total means recent holders are moving more coins at a profit, or realizing larger gains per coin; a decline means less profit is being realized, not necessarily more losses. The series reached about $3.17 billion on March 5, 2024, when BTC was around $68,341, showing how large this flow can become during strong price advances.

This is a gross profit flow, not profit minus loss, and it covers transfers to all destinations rather than only exchanges. Entity clustering and cohort assignment are estimates, while higher BTC prices can lift dollar totals without a matching increase in coins moved; an on-chain transfer does not prove a sale.