Definition. Long Term Holder (LTH) Relative Unrealized Loss is the aggregate USD loss carried by all coins whose price at realisation time was higher than the current spot price, normalized by market cap, restricted to the long-term holder cohort. Short Term Holder Relative Unrealized Loss is the STH counterpart. Relative Unrealized Loss is the related base variant without segmentation.

Technical. Only UTXOs with a lifespan of at least 155 days are taken into account. LTH/STH use a hard 155-day cutoff.