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Biturai Trading Wiki
The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
Net Unrealized Profit/Loss vs. Net Realized Profit/Loss
Understanding the distinction between unrealized and realized profit or loss is fundamental for any market participant.
Relative Unrealized Loss: A Capitulation Signal
Relative Unrealized Loss quantifies the aggregate 'paper losses' held by cryptocurrency investors, normalized against the total market capitalization.
Relative Unrealized Profit Explained: Network Paper Gains
Relative Unrealized Profit (RUP) is an on-chain metric that normalizes the total unrealized profit or loss across a cryptocurrency network.
Long-Term Holder NUPL and Market Euphoria
The Long-Term Holder Net Unrealized Profit/Loss (LTH-NUPL) is an on-chain metric that assesses the overall profitability of Bitcoin investors who have held their assets for over 155 days.
Short-Term Holder NUPL as a Market Stress Indicator
The Short-Term Holder Net Unrealized Profit/Loss (STH-NUPL) is an on-chain metric that assesses the aggregate profit or loss status of Bitcoin investors who have held their coins for less than 155 days.
NUPL Zones Explained: Capitulation, Hope, Optimism, Belief, Euphoria
The Net Unrealized Profit/Loss (NUPL) indicator helps identify different psychological phases in the crypto market, from extreme fear to irrational exuberance.
Entity-Adjusted SOPR: Understanding Realized Profit and Loss
The Entity-Adjusted SOPR refines the Spent Output Profit Ratio by filtering out transactions between addresses controlled by the same entity. This provides a more accurate view of genuine market profit-taking or loss-realization behavior.
SOPR Reset to 1: Understanding Its Role as a Support Level
The Spent Output Profit Ratio (SOPR) is an on-chain metric indicating whether market participants are selling at a profit or loss.
Long-Term Holder SOPR (LTH-SOPR): Profit-Taking by Experienced Holders
The Long-Term Holder SOPR (LTH-SOPR) is an on-chain metric that measures the realized profit or loss of Bitcoin investors who have held their coins for at least 155 days.
Short-Term Holder SOPR as a Market Sentiment Indicator
The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) is an on-chain metric that reveals whether short-term Bitcoin investors are selling their holdings at a profit or a loss.
Adjusted SOPR (aSOPR) Explained: SOPR Without Micro-Movements
The Adjusted Spent Output Profit Ratio (aSOPR) is an on-chain metric that filters out short-term transactions to provide a clearer view of investor profit or loss realization.
Long-Term Holder MVRV and Market Cycle Tops
The Long-Term Holder MVRV (LTH-MVRV) ratio is an on-chain metric that assesses the valuation of cryptocurrencies by focusing on coins held by long-term investors.
Short-Term Holder MVRV as a Market Bottom Indicator
The Short-Term Holder MVRV (STH-MVRV) is an on-chain metric that assesses the collective unrealized profit or loss of recent Bitcoin investors.
MVRV vs. Realized Capitalization: Understanding On-Chain Valuation
The MVRV ratio compares an asset's market value to its realized value, offering insights into market sentiment and potential over or undervaluation.
Realized Price Explained: The Average On-Chain Acquisition Cost
Realized Price is an on-chain metric that calculates the average price at which all cryptocurrency units last moved between wallets.
Inverse vs. Linear Perpetuals: Understanding PnL Curvature
Perpetual futures contracts allow traders to speculate on asset prices without an expiry date.
Funding-Neutral Entry in Perpetual Futures
The funding-neutral entry strategy involves opening a perpetual futures position immediately after a funding payment has been processed.
Adjusting Liquidation Price with Additional Margin
In leveraged crypto trading, adding more margin to an open position can strategically move its liquidation price further away from the current market price.
Understanding the Settlement Index of a Crypto Option at Expiry
The settlement index for a crypto option at expiry is a specific price derived from the underlying cryptocurrency, used to determine the final value of the option contract.
Crypto Options and Dividend Risk: An Analysis
Crypto options are financial derivatives that grant the right to buy or sell a cryptocurrency at a set price, without the obligation.