STH Realized P/L

STH daily realized gains

Property	Value
Category	Profit & Loss
Unit	USD
Resolution	1d
Assets	BTC
Tier	Pro
API Endpoint	GET /v1/holder/profit
Field	sth_realized_pl

Overview

STH Realized P/L measures the daily aggregate profit or loss actually realized by Short-Term Holders when they spend their coins on-chain. LTH/STH classification uses the logistic weighting function centered at 155 days.

Formula

$\text{STH Realized P/L} = \sum_{i \in \text{STH spent today}} (1 - W_{LTH}(age_i)) \times \text{amount}_i \times (\text{price today} - \text{price at acquisition}_i)$

Interpretation

• Positive spikes: STH taking profits — can indicate local tops if persistent.
• Negative spikes: STH panic selling — often marks local bottoms as weak hands exit.
• STH realized P/L is more volatile and reacts faster to price changes than LTH realized P/L.

Use Cases

• Local top/bottom detection: Extreme STH realized P/L values often mark turning points.
• Momentum trading: Use alongside price to confirm breakout or breakdown conviction.
• Risk assessment: Rising realized losses indicate increasing market stress.

API Usage

curl -H "Authorization: Bearer YOUR_API_KEY" \
  "https://api.blocklens.co/v1/holder/profit?start_date=2024-01-01&end_date=2024-12-31&limit=365"

Related Metrics

• LTH Realized P/L — LTH daily realized gains
• STH SOPR — STH spending profit ratio
• STH Unrealized P/L — STH paper gains/losses