In 2016, this indicator had a golden cross, and 671 days later reached the peak in 2017.

In 2019, this indicator had a golden cross, and 648 days later reached the peak in the first half of 2021.

In 2023, this indicator had a golden cross, and 515 days have passed since then.

The black line at the top of the chart represents BTC price; the indicators at the bottom are BTC: Realized Profit (365dma) and BTC: Realized Loss (365dma).

BTC's Realized Profit and Realized Loss are commonly used indicators in on-chain analysis, used to measure the actual profits or losses of Bitcoin holders during transactions, reflecting the behavior of market participants and market sentiment.

Realized Profit refers to the actual profit that Bitcoin holders receive when selling Bitcoin. Specifically, when a Bitcoin is sold at a price higher than its last movement (or acquisition) price, the difference between the selling price and the cost price is the realized profit.

Realized Loss refers to the actual loss that Bitcoin holders incur when selling Bitcoin. When a Bitcoin is sold at a price lower than its last movement price, the difference between the cost price and the selling price is the realized loss.