Last updated on November 22
This chart shows the percentage of the total KAS supply that is in profit. A KAS coin is in profit when its price is above the price at which it last moved. This is calculated by dividing the total supply in profit by the total circulating supply and then converting the result to a percentage. Whereby,
The Percent Supply in Profit = 100 (supply in profit / total supply)
Why is it Important?
The chart shows the extent to which the general market is holding onto KAS at a profit, or at a loss. Historically, values above 95% suggest market tops, while values below 5% signal market bottoms.
How to Read the Chart
The Market Price (The gray line) traces the daily USD market price of KAS plotted on the right-hand y-axis.
The Percent Supply in Profit (represented by the green wave) indicates the percentage of KAS coins in profit when the green wave is positioned above the gray line. Be on the lookout for when the green wave begins to hover above 90% and appears to be about to jump above 95%. As previously mentioned, this is an indicator of a market top. Conversely, when the green wave is significantly low, this may indicate a market bottom.
Want to Learn More?
For further research, see Rafael Schultze-Kraft’s, “Dissecting Bitcoin's Unrealised On-Chain Profit/Loss.”
Also, check out the Percent Supply in Loss chart, the Percent Supply in Profit Moving Averages Chart, and the Net Unrealized Profit/Loss (NUPL) Chart.