PnL Index
Indicators
PnL Index
CryptoQuant’s P&L Index uses the MVRV ratio, NUPL and LTH/STH SOPR to build a single bitcoin valuation indicator.
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PnL Index
What it measures
Values above 1 (red line) indicate bitcoin price is overvalued, and values below -1.38 (green line) indicate bitcoin price is undervalued.How to interpret it
Key thresholds
To determine if bitcoin is in a bull or bear market, we use the P&L Index 365-day moving average.Run this metric in CryptoQuant Analytics
Authorizations
For each API request, include the Authorization HTTP header with Bearer {access_token}.
Query Parameters
Time interval for aggregation.
Starting time, formatted as YYYYMMDDTHHMMSS (UTC). If window=day, YYYYMMDD is also accepted.
Ending time, formatted as YYYYMMDDTHHMMSS (UTC). If window=day, YYYYMMDD is also accepted.
Maximum number of data rows to return.