# Percent Supply in Profit

## Indicator Overview

A [coin is in profit](https://docs.glassnode.com/guides-and-tutorials/metric-guides/profit-loss-supply/supply-in-profit) if the current price is higher than the price at the time it was last moved. Conversely, a [coin is in loss](https://docs.glassnode.com/guides-and-tutorials/metric-guides/profit-loss-supply/supply-in-loss) if the current price is lower than the price at the time it was last moved.

Percent Supply in Profit highlights the percentage of the total supply which is currently in profit. This metric represents an oscillator that allows us to better understand the current state of the market for a given coin: in general, values above 95% suggest market tops, while values below 5% signal bottoms.

<figure><img src="https://2190898932-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Ldi5WtVBeQ2iFbdqJ1a%2Fuploads%2Fgit-blob-166edbacffcb6cc3858e9166ea169a1db8599235%2F1.png?alt=media" alt="Bitcoin: Percent Supply in Profit"><figcaption></figcaption></figure>

* [View Percent Supply in Profit in Glassnode Studio](https://studio.glassnode.com/metrics?a=BTC\&m=supply.ProfitRelative)
* [View Percent Supply in Profit in Glassnode API Docs](https://docs.glassnode.com/basic-api/endpoints/supply#percent-supply-in-profit)

## How is it measured?

Percent Supply in Profit is calculated by dividing the absolute [Supply in Profit](https://docs.glassnode.com/guides-and-tutorials/metric-guides/profit-loss-supply/supply-in-profit) by the total circulating supply and converting to a percentage.

$$
\textrm{Percent Supply in Profit} = 100 \cdot \frac{\textrm{Supply in Profit}}{\textrm{Total Supply}}
$$

## 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)