Entity-Adjusted Realized Loss to Exchanges
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Entity-Adjusted Realized Loss to Exchanges totals the USD loss component of BTC deposits to tracked exchange entities across holder cohorts. It compares attributed acquisition cost with value at deposit for loss-making coins and filters identified internal transfers; profits are not netted against losses.
How to read it
An increase means more dollar loss is being recognized as coins reach exchanges, whether from older or more recent holdings. The series peaked near $356.1 million on March 13, 2020, and $608.6 million on June 18, 2022, within those respective years. Lower readings indicate less loss-bearing inflow, not necessarily net withdrawals.
This is a loss measure, not a BTC flow balance: profitable deposits and withdrawals do not offset it. Deposits can fund collateral or custody rather than an immediate sale. Exchange labeling and entity estimates can change, and nominal dollar peaks are sensitive to market size.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- On-chain Indicators
- Type
- Single value
- Unit
- USD
- Data since
- 2011-08-17
- Latest data
- 2026-10-27
- Data points
- 5,551
FAQ
How is exchange Realized Loss different from Exchange Net Flow?
Exchange Realized Loss measures only the USD loss embedded in qualifying deposits. Exchange Net Flow is BTC deposited minus BTC withdrawn, regardless of whether those coins carry a profit or loss.
Can exchanges receive large deposits while this loss metric stays low?
Yes. Deposits made at a profit or near breakeven contribute no loss or very little. To judge the amount arriving, compare with BTC inflow volume rather than using loss alone.
How can I tell which holder cohort drives exchange losses?
Compare the LTH and STH exchange-loss series on the same dates. Their individual all-time highs may occur on different days, so summing separate peaks does not measure one day's total loss.
