This metric is used to measure the net profit or loss of all bitcoin transactions based on the price at which they were bought and sold.
This metric gives insight into overall investor sentiment and behavior by indicating whether bitcoin holders are making a profit or a loss.

The interpretation of net realized profit/loss
- Positive NRPL: Indicates that most market participants are selling their Bitcoins at a profit.
- Negative NRPL: Suggests that most market participants are selling their Bitcoins at a loss.
- Sharp increases or decreases: Large swings in the NRPL metric can signify potential reversals or continuations in the market trend as they can indicate significant changes in market sentiment.

Investors often use the NRPL metric to:
- Identify potential lows and highs in the market.
- Understand overall market sentiment (is the market overall in profit or loss?)
- Anticipate potential market corrections or rallies based on profit-taking or loss-cutting behavior.