BTC
BTC
ETH
ETH
SOL
SOL
USDT
USDT
USDC
USDC
XRP
XRP
TRX
TRX
BNB
BNB
DOGE
DOGE
TON
TON
More Assets
Glassnode

Description

Definition. This chart presents the total count of UTXOs in Profit/Loss, in three column traces: 🟣 Total UTXOs in the set, 🟢 Total UTXOs in Profit, and 🔴 Total UTXOs in Loss, with price shown in black.

Technical. 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. UTXOs in profit and UTXOs in loss are complementary — together they account for the full UTXO set.

Interpretation. Because this view counts individual unspent outputs rather than weighting by coin volume, it treats every UTXO equally — from dust to whale-sized outputs — making it a breadth measure of profitability across the output set, with a natural tilt toward smaller and retail-sized holdings. The share of UTXOs in profit tends to saturate toward 100% during strong uptrends, as nearly every output was created below the prevailing price; sharp expansions of the loss component occur when drawdowns undercut the creation prices of recently formed outputs, and extreme loss dominance has historically characterized capitulation phases. Comparing this count-based lens with volume-weighted measures reveals whether pain is concentrated among many small holders or fewer large ones.

Notes. Built from UTXO Count, UTXOs in Profit and UTXOs in Loss. The supply-volume counterpart is Supply in Profit/Loss; for the wider UTXO set context see UTXOs Created & Spent.

Chart Details