Realised Realisedpnl Bycohort Dominance Realisedpnl Bycohort Dominance

Bitcoin

This shows which holder cohort dominates the realized profit and loss flowing through the network.

Why it matters

It attributes on-chain profit-taking to specific cohorts, clarifying who is driving spending.

Each cohort's realized P/L is expressed as a share of total network realized P/L.

A shift toward long-term-holder dominance often signals late-cycle distribution; short-term dominance signals speculative churn.