Definition. Entity-Adjusted Realized Loss is the entity-adjusted variant of Realized Loss, which denotes the total profit (in USD) of all moved coins whose price at their last movement was lower than the price at the current movement.

Technical. Volume transferred between addresses owned by the same entity cluster is excluded, so no value is realized during internal or "in-house" transfers. Entities are clusters of addresses estimated to be controlled by the same actor, identified through advanced heuristics and Glassnode's proprietary clustering algorithms. Entity-based metrics rely on statistical and data-science methods that are refined over time. The series is therefore mutable: its established history is stable, but recent data points may revise as clustering improves. For methodology, see our article on account-based metrics.

Notes. For more information on entity-adjustment and account-based metrics, read our articles here and here.