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Revived Year Profit

Cumulative realized profit per representative vintage cohort - reveals which generations harvested the largest gains across bull markets.

Tier performanceOn-chain Bitcoinrevivedyearvintageprofitdistributiondeep-dive

What is it?

Revived Year Profit measures, per vintage class, the cumulative USD profit realized since genesis. For each 2009/2017/2024 vintage, we cumulate the sum of this cohort's spent UTXOs at a profit. Strictly monotonic increasing. This series exposes each generation's historical 'total gains': how much capital has been extracted with profit by this cohort across cycles. Perfect symmetry with #320 Loss: #322 = #321 - #320 gives cumulative net PnL.

How to read

Multi-line USD log scale, monotone non-decreasing. The 2009 vintage typically has the most dramatic cumulative Profit growth (each Patoshi coin sale generates massive profit given the ~$0 cost basis). 2017+ vintages have more moderate but regular growth, accelerated by successive bull markets.

Key zones

Bull markets generate clear inflexions on historical vintages (2009/2017). The 2024 vintage has cumulative Profit still being built (little history) - it will gain weight during the next bull market. Compare slopes between vintages: a vintage distributing more than others at bull end = cycle-end indication.

What to observe

Cross-reference with #320 Loss to observe the balance per cohort. The 2009 vintage typically has a cumulative Profit/Loss ratio > 1000x (almost all spents have been profitable). 2017+ vintages have more moderate ratios (acquisitions at mid-prices, sometimes negative-PnL spents in bear). Watch phases where a vintage suddenly gains Profit: indication of massive OG distribution (typical bull market endings).

Historical context

The 2017 and 2021 bull markets saw massive cumulative Profit inflexions on the 2009-2013 vintages (OG distribution). Post-ETF 2024 generated a new distinctive wave on the 2017-2021 vintages. Trinity starts this series' history at genesis to capture the totality of each vintage cohort's history.

Expert notes

This series uses the class_YYYY_realized_profit_cumulative variants (200 OK on the public API). For premium analysis, compute the Profit / Cost Value (snapshot) ratio per vintage: it is a 'profit-to-holdings' ratio measuring how much each cohort has already extracted vs what it still holds. A ratio > 5 on the 2009 vintage indicates Patoshi-era OGs have already extracted 5x their current stock - evidence of massive historical distribution.

Common mistakes to avoid

Common mistake: assuming high cumulative Profit means the cohort is still actively profitable. Cumulative includes all past distributions - the cohort may now be small (few coins left to distribute). To evaluate future potential, cross-reference with #319 Cost Value snapshot (current cohort size).

Programmatic access

REST API

curl -sS \
  'https://api.trinityinsights.io/api/v1/onchain/revived-year-profit/history?days=90' \
  -H 'X-API-Key: $TRINITY_API_KEY'

MCP server

{
  "tool": "get_chart_value",
  "metric_id": "revived-year-profit",
  "timeframe": "1y"
}

Required tier: performance. 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.