Black Almanak open on-chain metrics for Bitcoin ● data
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Bitcoin: Short-Term Holder Net Realized Profit / Loss

Realized profit minus realized loss of the STH cohort, in USD.

Latest daily observationProvisional day
Net realized profit / loss
$18,926,320.33
Bitcoin price
$82,448.31

Observation: UTC. Dataset updated: .
Updated daily, normally at 09:30 Europe/Madrid. Latest hourly bucket starts 2026-10-09 07:00 UTC (hour start).

This day is incomplete and may change. Daily flows accumulate through the latest update; they differ from a single hourly point.

Recent daily values

The last seven closed UTC days. These values remain daily when you change the chart range.

Bitcoin: Short-Term Holder Net Realized Profit / Loss — daily observations
Date (UTC)Net realized profit / lossBitcoin price
2026-10-08$-207,122,565.25$81,676.02
2026-10-07$-81,696,279.85$83,274.86
2026-10-06$237,307,763.30$85,553.52
2026-10-05$502,412,298.70$85,756.06
2026-10-04$100,765,884.03$86,510.16
2026-10-03$108,703,457.12$84,746.87
2026-10-02$901,527,902.26$84,500.84

Formula

Net realized profit / loss = Σ(spent young BTC × (price at spend − price at creation)).

How to read it

Positive values mean gains exceed losses among young outputs spent in the period; negative values mean losses exceed gains. Daily totals sum the full day, whereas each hourly point covers one hour.

Limitations

  • Changing between hourly and daily chart ranges changes the period being summed and therefore the scale. Transfers are included even when no market sale took place.
  • On-chain movements include transfers between an owner's own wallets. They do not establish actual purchases, sales or investor identity.
  • The latest day is provisional. Data is updated daily; hourly resolution does not mean hourly publication.

Historical examples

Selected mechanically: the lowest and highest closed-day Net realized profit / loss in the available history (2023-01-01 to 2026-10-08). These are observations, not forecasts or trading signals.

Lowest observed

2026-02-05

Net realized profit / loss: $-4,842,084,801.24.

Bitcoin price in the same daily row: $62,795.00. Aggregate movement value implied a net loss; internal wallet transfers are included.

Highest observed

2024-03-13

Net realized profit / loss: $8,357,470,501.82.

Bitcoin price in the same daily row: $73,081.58. Aggregate movement value implied a net profit; internal wallet transfers are included.

Download these closed daily observations (JSON)

Source: Computed from the chain (BigQuery public dataset crypto_bitcoin), hourly resolution. Price source: Bitstamp BTC/USD hourly candles. rows before 2025-10-06 computed with daily prices (Coin Metrics); hourly prices from then on Methodology and sources.