STH Unrealized P/L

STH paper gains/losses

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

Overview

STH Unrealized P/L represents the aggregate paper profit or loss of all coins held by Short-Term Holders, calculated using current market prices. LTH/STH classification uses the logistic weighting function centered at 155 days.

Formula

$\text{STH Unrealized P/L} = \text{STH Supply} \times (\text{Market Price} - \text{STH Realized Price})$

Interpretation

• Positive values: Recent buyers are profitable, supporting bullish sentiment.
• Negative values: Recent buyers are at a loss, creating selling pressure and potential capitulation.
• STH unrealized P/L is more volatile than LTH and reflects current market sentiment more closely.

Use Cases

• Sentiment gauge: Positive STH unrealized P/L supports risk-on behavior; negative signals fear.
• Capitulation timing: Deep negative values often coincide with local or cycle bottoms.
• Trend confirmation: Persistently positive STH unrealized P/L confirms uptrend health.

API Usage

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

Related Metrics

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