Definition. Realized Price segmented by unrealized profit and loss band, where Realized Price is the average acquisition cost of supply computed from the spot price at the time each unit last moved. Bands are defined by Fibonacci retracement levels relative to the current market price.

Technical. Breakdowns use an address-based approach, analyzing transactions and holdings at the wallet-address level to keep results comparable across digital assets and consistent across different blockchain architectures. This contrasts with the UTXO-based approach available for some chains (e.g. Bitcoin), and cross-method comparisons may show small deviations.

Interpretation. Bands with a realized price above the current spot price hold supply in unrealized loss, bands with a realized price below spot hold supply in unrealized profit. Surfaces whether the average acquisition cost sits above or below the current market price across PnL bands. Answers questions of the form: is the average acquisition cost of coins currently higher or lower than the market price, indicating potential unrealized profit or loss?