This chart shows the rolling yearly sum of Realized Profits and Losses normalized by the Realized Cap, allowing comparison between market cycles. Realized Profits occur where a coin is spent at a price higher than the original acquisition price (and vice-versa for Realized Losses).

This chart presents the following traces:

• 🟩 Rolling Relative Yearly Sum of Realized Profits
• 🟥 Rolling Relative Yearly Sum of Realized Losses
• 🔵 Net Relative Yearly Realized Profit/Loss Ratio

The oscillator trace enables visualization of market cycles.

• Higher values, uptrends, and peaks indicate that over the last year, a greater volume of profits were realized than losses (typical of bull markets).

• Lower values, downtrends, and troughs indicate that over the last year, a greater volume of losses were realized than profits (typical of bear markets).