We want to assess whether Bitcoin holders are in profit or loss in USD terms—and by what margin. To explore this topic, we're releasing a full set of charts. Let’s delve into it!

The first chart is “Coins in Profit or in Loss”, which shows the proportion of Bitcoin UTXOs that are in profit—i.e., coins that were bought at a lower USD price than the current market price—and the proportion of coins that are in loss, also in USD terms. Currently, about 97% of all coins are in profit, while the remaining 3% are in loss.

We can also visualize how much the average holder is in profit or loss. That is, for coins in profit, what’s the average return? And for coins in loss, what’s the average drawdown? Near all-time highs, as is the case now, the average return for coins in profit is 4,170%, while the average loss for coins in loss is around -1%.

Finally, we’ve also implemented the Bitcoin NUPL chart, which addresses the same topic from a different angle. NUPL stands for Net Unrealized Profit/Loss and represents the proportion of the Bitcoin market cap in USD that is currently in profit or loss at any given time. At the moment, approximately 56% of the Bitcoin market cap—around USD 2 trillion—is composed of unrealized profits.

As always, the new data fields are updated hourly and available for direct download in CSV/XLSX formats or in JSON via our API.

That’s all for today—have a great one!