Tracks how much profit or loss people are actually making compared to the price on Bitcoin and Ethereum networks, helping you see if traders are cashing in gains or cutting losses. Measures: Realized Profit Loss, Price in USD on Bitcoin and Ethereum networks Reflects: How traders are behaving—whether more folks are locking in profits or selling at a loss Interpretation: When the ratio goes up, it means more people are taking profits; when it goes down, more are realizing losses (selling for less than they paid) Context: Commonly analyzed alongside on-chain volume and price momentum Tags: Category: On-chain Metric | Signal Type: Distribution | Market Scope: Network-level
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