Revived Supply Profit
Daily USD profit realized by revived cohorts ≥ 1 year — measures distribution pressure from long-term holders cashing in during euphoria.
What is it?
Revived Supply Profit aggregates the daily realized USD profit by vintage cohorts ≥ 1 year when they spend coins at a profit (current price > acquisition price). Mathematically: for each eligible vintage class, sum of spent UTXOs with PnL > 0. It is the 'profit' component of global revived realized PnL. Perfect symmetry with #315 Loss (same _sum_24h smoothing, same ≥ 1 year eligibility). This series isolates OG distribution pressure in bull markets.
How to read
USD log scale line. Read as cumulative daily profit-taking pressure. Peaks correspond to moments when OGs are actively distributing (typically mid-late cycle bull market). Profit USD is structurally higher than Loss USD in mature bull markets, because old cohorts accumulate unrealised profit.
Key zones
The most striking peaks coincided with cycle tops (late 2017, late 2021, and spring 2024 post-ETF). These peaks mark massive OG distribution that has historically marked bull run ends. A sustained but moderate Profit growth, without a major peak, can indicate a healthy bull market where distribution proceeds in orderly waves rather than a final explosion.
What to observe
Watch the Profit/Loss ratio (#316 / #315): a ratio > 5 over several weeks indicates a market in distributive euphoria (historically a sign of imminent cycle end). Conversely, a prolonged ratio < 1 marks capitulation. Cross-reference with #321 Revived Year Profit to identify which vintage generation contributes most to profit-taking (typically 2009-2013 cohorts at cycle ends).
Historical context
Notable historical peaks: December 2017 (bull cycle 2 top), April and November 2021 (twin-top of bull cycle 3), and spring 2024 (post-ETF launch wave). Phases between cycles show moderate Profit USD, dominated by occasional vintage cohort rotations in mid-cycle. The 2024+ post-ETF structure presents a new topology: Profit in regular growth instead of episodic peaks.
Expert notes
Profit USD is closely related to the industry SOPR (Spent Output Profit Ratio) metric: SOPR > 1 = profit on average, which here corresponds to #316 > #315. The complementarity: SOPR gives a normalised global ratio, while #316 gives the absolute USD volume of profit taken. For premium analysis, cross-reference Profit/Loss ratio with MVRV: divergences reveal structural distribution phases invisible to classic indicators.
Common mistakes to avoid
Common mistake: interpreting a high USD Profit as 'imminent cycle top'. Profit can remain high for months in a mature bull market without triggering a reversal. The truly informative indicator is the RHYTHM of Profit (acceleration or deceleration) and the divergence from BTC price. A Profit rising exponentially while price consolidates = silent distribution indication.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/revived-supply-profit/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "revived-supply-profit",
"timeframe": "1y"
}Required tier: pro. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
Related metrics
Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metric above does not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.