BTC: Trader Unrealized Profit Margin

Shown as its 2019–2022 sample; the latest readings and full history are included with Plus.

How far the BTC price sits above or below the trader realized price, the 1–3 month band of BTC Realized Price by Age: the average price at which the bitcoin last moved 30 to 89 whole UTC days before the day was acquired, in percent.

Why use it. It reads whether the most active money is in profit or at a loss. Deep losses for recent buyers have accompanied capitulation near local lows, large profits rallies that later cooled. How to read it. Above 0 recent buyers are in profit on average, below 0 at a loss. +30% and +60% match the 1.30 and 1.60 bands of Trader Realized Price Bands, −15% and −30% the 0.85 and 0.70 bands. Readings describe positioning, not where the price goes next.

Calculation. Margin = 100 × (daily close ÷ trader realized price − 1), with the trader realized price as in Trader Realized Price Bands. The open day uses the latest price and the band's partial value. Realized prices are computed from our own validated Bitcoin Core node: each unspent coin is valued at the price at the start of the UTC day it was created. BTC/USD closes are the site's admitted daily closes (The Bitcoin Time Machine, CC BY 4.0, until 2 October 2026, then quotes recorded from Alternative.me). Values for closed days are provisional, like their inputs, and change if an input is revised; the open day is a partial from the latest hourly quote and the inputs' own partials, recomputed every ten minutes.