#链上指标分析
BTC ENTITY-ADJUSTED LTH REALIZED P/L RATIO
BTC：Entity-adjusted Long-Term Holder (LTH) Realized Profit/Loss Ratio
Latest indicator data:
Long-term realized cost-basis holder P/L status: underwater zone
The current 7-day smoothed ratio is 0.453, below 1.0,
with realized losses from long-term holders dominating.
This underwater phase has lasted 70 days.
7-day average: 0.453; 30-day average: 0.379.
7-day change: +0.126 · Rebound
Underwater start date: 2026-05-14
Underwater duration: 70 days
On-chain date: 2026-07-22
(Underwater: LTH P/L Ratio < 1.0)
Re-observe the 1.0 pivot of the LTH realized P/L ratio—underwater phases align with deeper turnover and macro clearing windows.
This ratio compares realized profit to realized loss for coins held for over about 155 days.
A value above 1.0 indicates profit realization dominates;
a value below 1.0 indicates long-term holders are also selling at a loss.
Re-crossing 1.0 is an important signal to watch for a macro sentiment shift.
More curated on-chain cycle indicators
Go to
https://welinkbtc-onchainmain.xyz/
Access Code:
WELINKPRO
(Get a 1-month free early access to MAX)
Help you understand cycles like a professional analyst
$BTC $BNB
BTC ENTITY-ADJUSTED LTH REALIZED P/L RATIO
BTC：Entity-adjusted Long-Term Holder (LTH) Realized Profit/Loss Ratio
Latest indicator data:
Long-term realized cost-basis holder P/L status: underwater zone
The current 7-day smoothed ratio is 0.453, below 1.0,
with realized losses from long-term holders dominating.
This underwater phase has lasted 70 days.
7-day average: 0.453; 30-day average: 0.379.
7-day change: +0.126 · Rebound
Underwater start date: 2026-05-14
Underwater duration: 70 days
On-chain date: 2026-07-22
(Underwater: LTH P/L Ratio < 1.0)
Re-observe the 1.0 pivot of the LTH realized P/L ratio—underwater phases align with deeper turnover and macro clearing windows.
This ratio compares realized profit to realized loss for coins held for over about 155 days.
A value above 1.0 indicates profit realization dominates;
a value below 1.0 indicates long-term holders are also selling at a loss.
Re-crossing 1.0 is an important signal to watch for a macro sentiment shift.
More curated on-chain cycle indicators
Go to
https://welinkbtc-onchainmain.xyz/
Access Code:
WELINKPRO
(Get a 1-month free early access to MAX)
Help you understand cycles like a professional analyst
$BTC $BNB
