ETH: Trader Unrealized Profit Margin
Shown as its 2019–2022 sample; the latest readings and full history are included with Plus.
How far the ETH price sits above or below the trader realized price, the 1–3 month band of ETH Realized Price by Age: the average price at which the ether 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 Ethereum archive node: coin age and cost basis follow each address's own coins first in, first out, each lot valued at the hour it was received, from CryptoKeyhole's own hourly ETH/USD index of public exchange markets (a day's close is its last hourly close). Closed days take the finality of the index; the open day is a partial from the latest hourly close.