Definition. The number of unique addresses currently in profit, segmented by holding-period age cohort. An address is in profit when the current spot price is above its average acquisition price. Cohorts span from hot (most recently acquired) to cold (long dormant).

Technical. Breakdowns use an address-based approach, analyzing transactions and holdings at the wallet-address level to facilitate comparability across digital assets and to ensure consistent analysis across various blockchain architectures. This contrasts with the alternative UTXO-based approach for chains like Bitcoin, where unspent transaction outputs are analyzed to categorize asset properties. Metrics for UTXO-based assets may show slight deviations if compared across these different computational methods.