This chart presents the percentage of total UTXOs which are in Profit/Loss. A UTXO is considered to be in profit if the spot price is above the pricestamp assigned at the time of its creation, and vice-versa.

• 🔵 Percentage of UTXOs in Profit
• 🔴 Percentage of UTXOs in Loss

Also shown in 🟠 are periods where the 1-yr rolling Z-Score of UTXOs in Profit is positive. This indicates that an above average count of UTXOs are in profit, which is historically associated with positive market momentum.