Bitcoin: Realized P&L (30-Day & 1-Year, BTC)

This view aggregates realized profit and loss over rolling 30-day and 1-year windows in BTC terms, turning daily noise into a cycle-level signal.

The annual trend is the more reliable of the two. Annual realized profits forming successively lower peaks has marked the passing of a cycle top, even while price still sat near its highs.

The 30-day window provides nearer-term confirmation. Monthly realized losses approaching prior bear market levels is the benchmark for structural capitulation — compare in BTC terms rather than dollars.

API — /v2/community/bitcoin-realized-profit-loss also backs the daily view.