Dashboard/Lab/Realized P/L Ratio

Realized P/L Ratio

Name: Bitcoin Realized P/L Ratio (daily)
Creator: OnChainLab

Profit / Loss

Ratio of realized profit to loss. Above 1 = profit-dominant, below 1 = loss-dominant.

Current Value

0.0029

As of

2026-10-16

Z-Score

—

Signal

Red

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Methodology

Open, reproducible — computed from our own archive node

Definition

Realized P/L Ratio — net realized profit/loss relative to the day's spent market value.

Formula

realized_pl_ratio = net_realized_pl / spent_market_usd

How we compute it

Net realized P/L divided by the total USD market value of coins spent that day. NaN-safe.

Provenance · Every on-chain metric traces back to our own self-hosted Bitcoin archive node — no third-party data vendor sits in the path. We extract the full UTXO lifecycle (each output's creation height/time, value, and the height/time it was later spent), join it against an independent USD price oracle, and roll it up into daily aggregates. The metric formulas are pure functions over those aggregates (src/pipeline/formulas.py), so any value on this page can be reproduced from the published daily archive.

Interpretation

Above ~1.5 = strongly profit-dominant flow; below ~0.5 = loss-dominant (capitulation).

> 1.5Profit-dominant

0.5 – 1.5Balanced

< 0.5Loss-dominant

Caveats & limitations

·Inherits cost-basis accuracy from the UTXO cost-basis model.

Data points: 5,903 rows, 2010-08-18 to 2026-10-16Open in Lab →

Current Realized P/L Ratio reading

As of 2026-10-16, Bitcoin’s Realized P/L Ratio is 0.003, compared with -0.008 one year earlier (2025-10-16). The series has 5,903 daily readings from 2010-08-18 to 2026-10-16, computed from our own full-archive Bitcoin node and refreshed every day.

Historical extremes

The highest Realized P/L Ratio on record is 0.697 on 2010-08-18; the lowest is -0.540 on 2011-11-16. Readings near either end of that range have historically coincided with cycle turning points — use the chart above to see where today sits relative to past extremes.

Read it with

Supply in Profit — Percentage of circulating supply currently in profit.
Profit Ratio — Ratio of profitable to total spent outputs.
Profit Momentum — Rate of change in profit-taking.
Profit Oscillator — Mean-reverting profit oscillator.
Net Realized P/L — Net realized profit minus loss in USD.

Data & method

Source: computed from raw UTXO data on OnChainLab’s own Bitcoin node — no third-party data vendor. Category: Profit / Loss. Last updated 2026-10-16. The full series is free to download as JSON or as part of the full daily CSV, and the published dataset is cryptographically committed — you can verify it yourself. Browse all metrics.