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  • Indicator Overview
  • How is it measured?
  • Further Resources
  1. Guides & Tutorials
  2. Metric Guides
  3. Unrealized Profit/Loss

Unrealized Loss

Unrealized Loss represents the total loss accrued by UTXOs which were created when the price of the asset was higher than the current price.

PreviousUnrealized ProfitNextLTH-NUPL

Last updated 4 months ago

Indicator Overview

By looking at the delta between the price when a was created vs. the current price of an asset, we can determine whether the specific coins in that UTXO are in a state of unrealized profit (price has increased) or loss (price has decreased), and to what extent.

Unrealized Loss represents the total loss accrued by UTXOs which were created (i.e. realized) when the price of the asset was higher than the current price.

How is it measured?

Unrealized Loss is defined as the total loss (in USD) of all coins in existence whose price at realization time was higher than the current price, normalized by the market cap.

Further Resources

UnrealizedĀ Loss=valueā‹…(pricecreatedĀ [USD]āˆ’priceĀ [USD]) (ofĀ allĀ UTXOsĀ whereĀ pricecreatedĀ >Ā price)RelativeĀ UnrealizedĀ Loss=UnrealizedĀ LossMarketĀ Cap\begin{align*} \textrm{Unrealized Loss} &= \textrm{value} \cdot (\textrm{price}_\textrm{created}~{\color{gray}{\textrm{[USD]}}} - \textrm{price}~{\color{gray}{\textrm{[USD]}}}) \\ &\quad\, {\color{gray}{\textrm{(of all UTXOs where price$_\textrm{created}$ $>$ price)}}} \\[2em] \textrm{Relative Unrealized Loss} &= \frac{\textrm{Unrealized Loss}}{\textrm{Market Cap}} \end{align*}UnrealizedĀ LossRelativeĀ UnrealizedĀ Loss​=valueā‹…(pricecreated​ [USD]āˆ’priceĀ [USD])(ofĀ allĀ UTXOsĀ whereĀ pricecreated​ >Ā price)=MarketĀ CapUnrealizedĀ Loss​​

Rafael Schultze-Kraft -

šŸ“–
View Unrealized Loss in Glassnode Studio
View Unrealized Loss in Glassnode API Docs
Dissecting Bitcoin's Unrealised On-Chain Profit/Loss
UTXO
Bitcoin: Unrealized Loss