Definition. Relative Long/Short-Term Holder Realized Profit/Loss is the relative distribution of the total profit and loss (USD value) of all coins moved by long- and short-term holders.

Technical. Long- and Short-Term Holder supply is defined with respect to the entity's averaged purchasing date with weights given by a logistic function centered at an age of 155 days and a transition width of 10 days. 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.