{"path":"/indicators/realized_profit_sth_to_exchanges_account_based","tier":3,"parameters":{"a":["BTC"],"c":["usd"],"e":["aggregated","binance","bitcoin.de","bitfinex","bitflyer","bitget","bithumb","bitmex","bitstamp","bittrex","bybit","coinbase","coincheck","coinex","coinspot","crypto.com","deribit","firi","ftx","gate.io","gemini","hashkey","hitbtc","huobi","indodax","korbit","kraken","kucoin","luno","mexc","okex","phemex","poloniex","robinhood","swissborg","upbit","uphold"],"f":["csv","json"],"i":["10m","1h","24h"]},"parameters_defaults":{"e":["aggregated"]},"queried":{"a":"BTC","path":"/v1/metrics/indicators/realized_profit_sth_to_exchanges_account_based"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/indicators#get-v1-metrics-indicators-realized_profit_sth_to_exchanges_account_based","studio":"https://studio.glassnode.com/charts/indicators.RealizedProfitSthToExchangesAccountBased","metric_variant":{"bulk":"/indicators/realized_profit_sth_to_exchanges_account_based/bulk","pit":"/indicators/realized_profit_sth_to_exchanges_account_based_pit"}},"bulk_supported":true,"timerange":{"min":1313571600,"max":1792363200},"modified":1792364651,"descriptors":{"name":"Entity-Adjusted Short-Term Holder Realized Profit to Exchanges","short_name":"Entity-Adjusted STH Realized Profit to Exchanges","group":"LTH/STH Inflows","tags":["on-chain","realized_profit_loss","profit_loss","short_term_holder","cohorts","exchanges"],"description":{"default":"**Definition.** Entity-Adjusted Short-Term Holder Realized Profit to Exchanges is the entity-adjusted variant of [Realized Profit](https://studio.glassnode.com/metrics?a=BTC\u0026m=indicators.RealizedProfit) restricted to coins sent from [Short-Term Holders](https://insights.glassnode.com/quantifying-bitcoin-hodler-supply/) to exchange-labeled entities. Realized profit is the total profit (in USD) of all moved coins whose price at their last movement was lower than the price at the current movement. Long-Term and Short-Term Holder supply is defined with respect to the [entity's averaged purchasing date](https://insights.glassnode.com/quantifying-bitcoin-hodler-supply/) with weights given by a logistic function centered at an age of 155 days and a transition width of 10 days.\n\n**Technical.** Entities are clusters of addresses estimated to be controlled by the same actor, identified through advanced heuristics and Glassnode's proprietary clustering algorithms. Entity-based metrics rely on statistical and data-science methods that are refined over time. The series is therefore mutable: its established history is stable, but recent data points may revise as clustering improves. For methodology, see our [article on account-based metrics](https://insights.glassnode.com/account-based-metrics/). Exchange metrics are based on Glassnode's continually updated set of labeled exchange addresses, together with statistical and data-science methods that are refined over time. The series is therefore mutable: its established history is stable, but recent data points may revise as labels update. For methodology and limitations, see our [article on exchange metrics](https://insights.glassnode.com/exchange-metrics/) and [Exchange Data Transparency Notice](https://docs.glassnode.com/further-information/exchange-data-transparency-notice).\n\n**Notes.** For more information on entity-adjustment and account-based metrics, read our articles [here](https://insights.glassnode.com/true-bitcoin-volume/) and [here](https://insights.glassnode.com/account-based-metrics).\n"},"data_sharing_group":"onchain"}}