> For the complete documentation index, see [llms.txt](https://docs.glassnode.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.glassnode.com/further-information/metric-guides/profit-loss-utxo/utxos-in-profit.md).

# UTXOs in Profit

## Indicator Overview

UTXOs in Profit, as the name suggests, represents the absolute number of UTXOs in a given network which are currently in profit (i.e. the price at the time they were created is lower than the current price).

This metric is helpful in highlighting market tops by suggesting when investors might be close to taking profits.

It is important to note that unlike [Unrealized Profit](/further-information/metric-guides/unrealized-profit-loss/unrealized-profit.md), UTXOs in Profit does not account for the *amount* of profit - only the binary case of whether or not the UTXO is in profit.

<figure><img src="/files/yvGxgycPKxKztZHHE8x3" alt="Bitcoin: UTXOs in Profit"><figcaption></figcaption></figure>

* [View UTXOs in Profit in Glassnode Studio](https://studio.glassnode.com/metrics?a=BTC\&m=blockchain.UtxoProfitCount)
* [View UTXOs in Profit in Glassnode API Docs](https://docs.glassnode.com/basic-api/endpoints/blockchain#utxos-in-profit)

## How is it measured?

UTXOs in Profit is calculated by determining which UTXOs were created when the price was lower than the current price (i.e. the price has increased since the UTXOs were created). It represents the total absolute number of those UTXOs.

$$
\textrm{UTXOs in Profit} = {\color{gray}{\textrm{number of all UTXOs where price $>$ price$\_\textrm{created}$}}}
$$

## About

### Introduced By

[Glassnode](https://twitter.com/glassnode/)

### Date Introduced

November 2019

## Further Resources

Rafael Schultze-Kraft - [Dissecting Bitcoin's Unrealised On-Chain Profit/Loss](https://medium.com/glassnode-insights/dissecting-bitcoins-unrealised-on-chain-profit-loss-73e735020c8d)


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.glassnode.com/further-information/metric-guides/profit-loss-utxo/utxos-in-profit.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.