Definition. Market Capitalization (Market Cap) segmented by unrealized profit and loss bands defined around Fibonacci retracement levels. Market Cap is the total market value of an asset, computed as current market price multiplied by total supply. The breakdown distributes that valuation across in-profit and in-loss bands to show how much of the market sits above or below its acquisition cost and at what depth.

Technical. Breakdowns use an address-based approach, analyzing transactions and holdings at the wallet-address level. This contrasts with the UTXO-based approach available for some chains, and cross-method comparisons may show small deviations.

Interpretation. Surfaces how much of the market cap is held at a profit versus a loss across PnL bands. Answers questions of the form: is the majority of market cap currently held in coins that are above or below their acquisition cost?