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.