Coins in Profit
Percentage of Bitcoin that are worth more than what was paid to buy them.
This checks every single coin on the blockchain and asks one question: is it worth more now than when it was last bought? Read more
More coins are at a loss than in profit right now. 50.2% of all Bitcoin is underwater — their holders are sitting on losses. This is painful territory, but historically, readings like this have been followed by strong recoveries. The market is shaking out weak hands.
The majority of the market is losing money. 50.2% of all coins are worth less than what was paid — that's a lot of pain concentrated in the market right now.
Six months ago, 66% of all coins were in profit — more than half were in profit. That's dropped to 51% today, a 15 percentage point shift. The market has been bleeding — fewer and fewer coins are in profit. This kind of sustained decline creates the conditions for a major bottom. When the decline slows and starts to reverse, it's often the earliest sign that a recovery is starting.
Getting closer to the high end of historical readings. The market isn't overheated yet, but the window of easy opportunity is narrowing as more coins move into profit.
Understanding Coins in Profit
Every Bitcoin has a history. This metric checks every single coin on the blockchain and asks: was it last bought at a price lower than today? If yes, it's in profit. Add them all up and you get a percentage. It's like taking a poll of every coin and asking 'are you winning?'
When over 95% of coins are in the green, nearly everyone who owns Bitcoin is making money. That feels amazing, but it's actually a warning sign. There's almost nobody left to buy, and everyone has a reason to sell. Major cycle tops have happened in this zone.
When it drops below 50%, more than half of all Bitcoin owners are in the red. That's when it feels terrible to hold. But these periods — which only happen in deep bear markets — have consistently been the best times to buy if you can stomach the pain and wait a few years.
What makes this so trustworthy is that it's not based on surveys or trading volume — it's a direct count from the blockchain itself. Every coin's purchase price is recorded. This makes it one of the most honest measures of whether the market is in good shape or not.