# Percent UTXOs in Profit

Percent UTXOs in Profit highlights the percentage of all UTXOs which are currently in profit.

# Indicator Overview

A UTXO is in profit if the current price is higher than the price at the time it was created. Conversely, a UTXO is in loss if the current price is lower than the price at the time it was created.

Percent UTXOs in Profit highlights the percentage of the total set of UTXOs which are currently in profit. In general, higher values may suggest market tops, while lower values may signal bottoms. However, Percent Supply in Profit and Net Unrealized Profit/Loss (NUPL) can often provide a clearer signal of tops and bottoms based on the same concept of examining average profit and loss across a network.

# How is it measured?

Percent UTXOs in Profit is calculated by dividing the absolute number of UTXOs in Profit by the total number of UTXOs and converting to a percentage.

$\textrm{Percent UTXOs in Profit} = 100 \cdot \frac{\textrm{UTXOs in Profit}}{\textrm{Number of UTXOs}}$