Day 11/100 — Learning on-chain analysis from zero. 🙌
Today: realized profit. Yesterday was coins that can sell. Today is coins that did.
Unrealized = still sitting. Green on paper.
Realized = the coin moved, and the gain or loss got locked.
The simple line is 1.
Above 1 = coins that moved were in profit.
Below 1 = coins that moved were at a loss.
Right on 1 = break-even.
A little above 1 is normal. People taking small wins.
A spike far above 1 is heavy profit-taking.
Below 1 for a stretch means holders are selling in pain.
Today’s snapshot, 8 Oct 2026:
SOPR was about 1.008.
$BTC around $83k.
Coins that moved were in profit. Just barely.
Not a blow-off.
Open Arkham.
Find one wallet that sent coins out.
Check the price when those coins arrived, versus the price when they left.
If they left higher, that move realized profit.
If they left lower, that move realized a loss.
Homework:
Screenshot one outgoing transfer.
Comment: SOLD IN PROFIT or SOLD AT A LOSS.
Tomorrow: who is selling. New buyers, or old holders.
89 days left. New here? Start today. You can catch up. 👀
$STRK $OGN
Today: realized profit. Yesterday was coins that can sell. Today is coins that did.
Unrealized = still sitting. Green on paper.
Realized = the coin moved, and the gain or loss got locked.
The simple line is 1.
Above 1 = coins that moved were in profit.
Below 1 = coins that moved were at a loss.
Right on 1 = break-even.
A little above 1 is normal. People taking small wins.
A spike far above 1 is heavy profit-taking.
Below 1 for a stretch means holders are selling in pain.
Today’s snapshot, 8 Oct 2026:
SOPR was about 1.008.
$BTC around $83k.
Coins that moved were in profit. Just barely.
Not a blow-off.
Open Arkham.
Find one wallet that sent coins out.
Check the price when those coins arrived, versus the price when they left.
If they left higher, that move realized profit.
If they left lower, that move realized a loss.
Homework:
Screenshot one outgoing transfer.
Comment: SOLD IN PROFIT or SOLD AT A LOSS.
Tomorrow: who is selling. New buyers, or old holders.
89 days left. New here? Start today. You can catch up. 👀
$STRK $OGN
