Definition. Relative version of Supply by Profit and Loss: the share of total supply held in each unrealized profit-and-loss band, expressed as a percentage of supply rather than in native units. Bands are defined around Fibonacci retracement levels.

Technical. Breakdown metrics use an address-based approach, analyzing transactions and holdings at the individual wallet-address level to support comparability across digital assets and consistent analysis across blockchain architectures. This contrasts with the UTXO-based approach used for chains like Bitcoin, so metrics for UTXO-based assets may show slight deviations across the two computational methods.

Interpretation. A high share of supply in profit means most of the float was acquired below the current price, a high share in loss means most of the float is held above the current price. Surfaces the share of total supply held at a profit versus a loss, exposing aggregate market sentiment and potential support / resistance levels. Answers questions of the form: is the majority of supply currently held at a profit or a loss relative to its acquisition cost?