On-chain Trader Unrealized Profit/Loss Margin
Indicators
On-chain Trader Unrealized Profit/Loss Margin
The unrealized profit/loss margin (%) of Bitcoin between 1 to 3 months old.
GET
On-chain Trader Unrealized Profit/Loss Margin
What it measures
Percentage difference between current price and the Trader Realized Price — the unrealized profit or loss of active traders expressed as a %How to interpret it
Extremely high margins = traders likely to start selling (overheating). Deeply negative margins = traders underwater, capitulation may be near. Crossing above/below 30-day MA = confirms positive/negative price momentum.Key thresholds
40% = elevated, correction risk; ~7–8% = STH local top signal; 0% = breakeven (strong support in bull); –5% to –18% = distressed; –17% to –18% = extreme (seen at Aug 2024 crash and July 2024 correction, both price bottoms)
How to use it
Best as a contrarian indicator at extremes. Deeply negative = capitulation approaching. Extremely positive = overheating. Also watch vs. 30-day MA — crossing below confirms negative momentum.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.