Net Realized Profit/Loss
Net Realized Profit/Loss shows whether investors are selling at a profit or loss.

Indicator Overview

When coins are moved, their value is "realized" relative to their value when they were last moved. Net Realized Profit/Loss denotes the net profit or loss (USD value) of all moved coins relative to the last time they were moved. As such, it shows whether investors are selling at a profit or loss.
Realized Profit/Loss can be read as the profit and loss components that contribute to SOPR. Is SOPR high/low because of coin movements in high profit or at high losses?

How is it measured?

Net Realized Profit/Loss is calculated by subtracting Realized Loss from Realized Profit.
Net Realized Profit/Loss=Realized ProfitRealized Loss=(11SOPR)Transaction Volume [USD]\begin{align*} \textrm{Net Realized Profit/Loss} &= \textrm{Realized Profit} - \textrm{Realized Loss} \\[0.5em] &= \Big(1 - \frac{1}{\textrm{SOPR}}\Big) \cdot \textrm{Transaction Volume}~{\color{gray}{[\textrm{USD}]}} \end{align*}

About

Introduced By

Glassnode

Date Introduced

June 2020

Further Resources

Glassnode - Twitter Thread
Last modified 1yr ago