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BITCOIN SUPPLY IN PROFIT

About 53% of all Bitcoin is in profit

A direct count, straight from the blockchain, of how much of all Bitcoin is sitting on a gain right now.

52.6% in profit
47.4% at a loss
A near 50/50 split
Usually daily
Share of Bitcoin in profit over time chartmaketomaketo.com/indicator/supply-in-profit0.020.040.060.080.0100.0Top-risk zone20112013201520172019202120232025TODAY52.6

The share of all Bitcoin worth more than the last price each coin changed hands at. Readings up near the top are where past cycle tops have formed.

Latest displayed reading: 52.6 on Aug 4, 2026. This view shows 1,034 dated readings from Jan 1, 2011 to Aug 4, 2026. The latest displayed reading is lower than the first. The displayed low is 35.8 on Jan 14, 2015. The displayed high is 100.0 on Jan 13, 2011.

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Arrow keys move one plotted point. Home and End jump to the first and latest points.

  • Bitcoin in profit (selected): 52.6

  1. Where does today sit against the last four years?

    Near washed-out

    About half of all Bitcoin is in profit, but against the last four years this sits near the low end. Only about 9% of days had fewer coins in profit.

  2. How unusual is that?

    Near the washed-out end. Only 9% of the last four years had fewer coins in profit than today.

    Washed outOverheated

  3. What are the actual numbers?

    52.6%
    In profit today
    +4.0% over the last 30 days.
    44.9%
    4-year low
    The fewest coins in profit at once over the last four years.
    100.0%
    4-year high
    The most coins in profit at once. Past tops have formed up here.

  4. What does this mean for you?

    About half of all Bitcoin is in profit, but where that sits in the four-year range matters more.

    Roughly half of every coin is worth more than the last price it changed hands at, and half is underwater. Against the last four years, today sits at the 9th percentile, so where this near 50/50 split falls in the range tells you more than the split itself.

    Most of the time the market doesn't sit here. This measure usually leans high. A near 50/50 reading that falls low in its 4-year range has historically been closer to the washed-out end than the top-risk end. The 30-day move is +4.0%.

    What to watch from here

    • About half of all Bitcoin is in profit, at the 9th percentile of its 4-year range.
    • Watch whether more coins move into profit, or whether more coins fall underwater.
    • Where this near 50/50 split sits in its 4-year range matters more than the split itself.
Net Unrealized Profit & Loss →
How much profit the whole market is sitting on, on paper.
Above or Below What People Paid? →
How far the price sits from the average buy price.
Are Coins Selling at a Profit? →
Whether coins moving each day are realizing gains or losses.

Understanding Bitcoin Supply 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 showing a gain, 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 sitting on a loss. That's when it feels terrible to hold. But these periods, which only show up at the deepest market lows, 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.