Supply in Profit
Profit / Loss
Percentage of circulating supply currently in profit. Above 95% = overheated.
Current Value
0.7033
As of
2026-10-16
Z-Score
—
Signal
Green
Methodology
Open, reproducible — computed from our own archive node
Definition
Supply in Profit — the share of circulating supply whose cost basis is below the current price.
Formula
SIP = clip(0.31 × ln(MVRV) + 0.574, 0, 1)How we compute it
Modelled from MVRV via a log fit (the closed form above), clamped to [0, 1]. This avoids re-scanning the full UTXO set each day while tracking the true profitable-supply share closely.
Interpretation
Above ~0.95 = nearly all supply in profit (overheated, distribution likely). Low readings (large share underwater) accompany capitulation bottoms.
Caveats & limitations
- ·MODELLED from MVRV (log fit), not a direct per-UTXO count of profitable coins. The true UTXO-level profit share (`utxo_profit_share`) is a separate, direct measure used where available.
Current Supply in Profit reading
As of 2026-10-16, Bitcoin’s Supply in Profit is 70.3%, compared with 78.3% one year earlier (2025-10-16). The series has 5,904 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 Supply in Profit on record is 100.0% on 2010-08-18; the lowest is 30.1% on 2011-10-20. 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
- 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.
- Realized P/L Ratio — Ratio of realized profit to loss.
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.