Wiki
Biturai Trading Wiki
The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
UTXO Realized Price Distribution: Interpreting On-Chain Supply Dynamics
The UTXO Realized Price Distribution (URPD) is an on-chain metric that visualizes where Bitcoin's supply was last moved on the blockchain.
Understanding On-Chain Cost Basis Distribution Heatmaps
The On-Chain Cost Basis Distribution (CBD) Heatmap visualizes the price levels at which a cryptocurrency's total circulating supply was last acquired.
Sell-Side Risk Ratio Explained
The Sell-Side Risk Ratio is an on-chain metric from Glassnode that quantifies the aggregate risk-reward profile of market participants looking to sell their assets.
Realized Profit/Loss Ratio as a Momentum Signal
The Realized Profit/Loss Ratio is an on-chain metric that quantifies the aggregate profitability of coins being moved on the blockchain, indicating whether market participants are predominantly taking gains or capitulating to losses.
Net Unrealized Profit/Loss (NUPL) and Market Cycles
The Net Unrealized Profit/Loss (NUPL) is an on-chain metric that reveals the aggregate profit or loss status of all coins in a cryptocurrency network.
Understanding Percent Addresses in Profit
Percent Addresses in Profit is an on-chain metric that reveals the proportion of cryptocurrency addresses currently holding assets at an unrealized gain.
Percent Supply in Loss as a Capitulation Signal
The "Percent Supply in Loss" metric identifies periods when a significant portion of a cryptocurrency's circulating supply is held at a price higher than the current market value.
Percent Supply in Profit Explained: Understanding Profitable Coin Holdings
Percent Supply in Profit measures the proportion of circulating cryptocurrencies, like Bitcoin, that are currently held at a profit.
Interpreting Long-Term Holder Supply in Profit/Loss
Long-Term Holder (LTH) Supply in Profit/Loss is a key on-chain metric revealing the financial health and conviction of Bitcoin's most patient investors.
Analyzing Coin Days Destroyed by Holder Cohort
Coin Days Destroyed (CDD) measures the economic significance of coin movements, giving more weight to older, dormant coins.
Short-Term Holder vs. Long-Term Holder Realized Price Comparison
The Short-Term Holder (STH) Realized Price and Long-Term Holder (LTH) Realized Price are key on-chain metrics that segment Bitcoin investors by their holding duration, offering insights into market structure and sentiment.
Long-Term Holder Cost Basis Explained
The Long-Term Holder Cost Basis represents the average price at which long-term investors acquired their cryptocurrencies. This on-chain metric provides deep insights into market sentiment and potential support or resistance levels.
Short-Term Holder Cost Basis as Dynamic Support
The Short-Term Holder Cost Basis represents the average acquisition price of Bitcoin for investors who have held their coins for less than 155 days.
Bitcoin Short-Term Holder Supply as a Liquidity Indicator
The Short-Term Holder Supply metric tracks the total amount of Bitcoin held by investors for less than 155 days.
Long-Term Holder Supply: Interpreting Growth and Decline
The Long-Term Holder Supply measures the amount of Bitcoin held by investors for over 155 days, indicating market confidence. Its changes offer insights into potential future price movements and overall market sentiment.
Bitcoin LTH-to-STH Supply Ratio as a Cycle Indicator
The LTH-to-STH Supply Ratio is an on-chain metric that helps identify different phases of the Bitcoin market cycle. It compares the supply of Bitcoin held by long-term investors to that held by short-term speculators.
Interpreting Exchange Reserves and Balances
Exchange reserves represent the total amount of a specific cryptocurrency held by centralized trading platforms. Monitoring these balances offers insights into potential market selling pressure or accumulation trends among investors.
Long-Term Holder (LTH): On-Chain Definition and Market Impact
Long-Term Holders (LTHs) are a crucial on-chain metric classifying Bitcoin entities that have held their coins unmoved for at least 155 days.
Short-Term Holder (STH): On-Chain Definition Under 155 Days
The term Short-Term Holder (STH) refers to a specific category of Bitcoin investors defined by how long they have held their coins.
Interpreting Spent Output Profit Ratio by Wallet Cohorts
The Spent Output Profit Ratio (SOPR) is an on-chain metric that reveals whether market participants are selling their cryptocurrencies at a profit or a loss.