Definition. The percentage of unspent transaction outputs (UTXOs) whose price at creation time was lower than the current price. Number of UTXOs in Profit and Number of UTXOs in Loss are the related absolute counts.

Interpretation. Readings near 1 mean nearly every UTXO sits above its creation price, readings near 0 mean nearly every UTXO sits below it.

Notes. For more information, see Dissecting Bitcoin's Unrealised On-Chain Profit and Loss.