Definition. The total volume of BTC spent at a profit (sale price above acquisition price), segmented by wallet-size cohort from large holders down to small retail balances. The breakdown shows how realized-profit volume is distributed across investor classes.

Technical. Breakdowns use an address-based approach, analyzing transactions and holdings at the wallet-address level. This contrasts with the UTXO-based approach available for some chains, and cross-method comparisons may show small deviations.

Interpretation. Surfaces how profit-making sale volume concentrates across investor classes, from whales down to retail. Answers questions of the form: are larger wallets (whales) selling their coins at a profit more frequently than smaller wallets (retail investors)?