This indicator visualizes the relationship between Bitcoin's market price and the amount of active supply currently in profit.
The indicator plots two primary metrics on the same chart:
1. Bitcoin Price: Displayed on a logarithmic scale, this provides context for market valuation over time.
2. Active Supply In Profit: This metric tracks the portion of Bitcoin’s active supply—coins that have moved within a relevant timeframe—that is currently held at a price higher than its cost basis.
By overlaying these metrics, users can observe how fluctuations in market price correlate with the proportion of active, profitable supply. This allows for a direct comparison between historical price action and shifts in the unrealized profit status of actively circulating coins. The data is presented without smoothing to ensure all raw movements in the metrics are visible. Please note that 'Active Supply In Profit' represents a snapshot of on-chain activity and cost-basis analysis rather than a predictive indicator of future price movement.
Reviews
Feedback from people who installed this indicator
Loading reviews
[Signal] Active Supply In Profit indicator | ChartInspect