The Net Realized Profit / Loss to Exchange metrics measures the net realized value flowing into Exchanges on any given day. It considers the delta between the acquisition, and disposal value of coins transferred into exchange wallet clusters.

This is calculated by measuring the difference between Realized Profit and Realized Loss to Exchanges (Inflows only).

• 🟢 Realized Profits to Exchanges are larger than Realized Losses denoting a net capital inflow and profit taking.

• 🔴 Realized Losses to Exchanges are larger than Realized Profits denoting a net capital outflow and losses taken.

The Exchange Deposit Realized Cap can the be calculated from the cumulative sum of profits minus losses into Exchanges.

Transparency Notice regarding Exchange Metrics

Disclaimer: Exchange balances presented are derived from Glassnode’s comprehensive database of address labels, which are amassed through both officially published exchange information and proprietary clustering algorithms. While we strive to ensure the utmost accuracy in representing exchange balances, it is important to note that these figures might not always encapsulate the entirety of an exchange’s reserves, particularly when exchanges refrain from disclosing their official addresses. We urge users to exercise caution and discretion when utilizing these metrics. Glassnode shall not be held responsible for any discrepancies or potential inaccuracies.

Please read our Transparency Notice when using exchange data