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BTC - Relative Unrealized Loss

Description

The Bitcoin Relative Unrealized Loss shows the ratio of Net Unrealized Loss to Market Cap. Valuations used are in USD.

Bitcoin's USD Market Price is included for reference.

Pseudocode

for each block in blockchain:
  block.unrealloss = abs(sum(utxo.cur_val - utxo.cost_basis) from utxo_table where utxo.last_move_price > btc_usd(block.time))
  minted_btc := block.coinbase_btc - block.fees
  total_supply_btc += minted_btc
  market_cap := total_supply_btc * btc_usd(block.time)
  block.rel_unreal_loss = block.unrealloss / market_cap
  (x,y) := (block.time, block.rel_unreal_loss)

for each hour in blockchain:
  hr_relunrealloss_usd := avg(blockchain[hr_start:hr_end].rel_unreal_loss)
  (x,y) := (hour, hr_relunrealloss_usd)

for each day in blockchain:
  day_relunrealloss_usd := avg(blockchain[day_start:day_end].rel_unreal_loss)
  (x,y) := (day, day_relunrealloss_usd)

Technical Info

  • Hourly and daily aggregations are derived from block data using average for this metric.
  • Hourly data contains occasional gaps; no blocks were generated during these times.

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