{"path":"/breakdowns/supply_by_pnl","tier":3,"parameters":{"a":["USDT"],"c":["native"],"f":["csv","json"],"i":["24h"]},"queried":{"a":"USDT","path":"/v1/metrics/breakdowns/supply_by_pnl"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/breakdowns#get-v1-metrics-breakdowns-supply_by_pnl","studio":"https://studio.glassnode.com/charts/breakdowns.SupplyByPnl","metric_variant":{"bulk":"/breakdowns/supply_by_pnl/bulk","pit":"/breakdowns/supply_by_pnl_pit"}},"bulk_supported":true,"timerange":{"min":1511913600,"max":1784160000},"modified":1784257726,"descriptors":{"name":"Supply by Profit and Loss","short_name":"Supply by PnL","group":"Supply","tags":["on-chain","supply","cohorts","profit_loss","unrealized_profit_loss"],"description":{"default":"**Definition.** The total supply of %ASSET% segmented by unrealized profit and loss bands defined around Fibonacci retracement levels.\n\n**Technical.** Breakdowns use an address-based approach, analyzing transactions and holdings at the wallet-address level to facilitate comparability across digital assets and to ensure consistent analysis across various blockchain architectures. This contrasts with the alternative UTXO-based approach for chains like Bitcoin, where unspent transaction outputs are analyzed to categorize asset properties. Metrics for UTXO-based assets may show slight deviations if compared across these different computational methods.\n\n**Interpretation.** Surfaces how much of total supply is held at a profit versus a loss, exposing aggregate market sentiment and potential support / resistance levels. Answers questions of the form: is the majority of supply currently held at a profit or a loss relative to its acquisition cost?\n"},"data_sharing_group":"onchain"}}