Definition. Treasury Net Realized Profit/Loss (Governments) is the realized profit or loss in USD for government entities with crypto investments. The series displays individual government realized gains and losses from selling activity.

Technical. Because the exact trading conditions such as prices are usually unknown, the metric should be considered an estimation only.

Interpretation. Positive values indicate profitable sells, while negative values indicate selling at a loss.

Notes. Source data provided by CoinGecko.