Indicator Overview

The Days Spent In Profit is the bullish counterpart to the loss-duration metric, designed to measure the strength and sustainability of market expansions. It calculates the consecutive days the Bitcoin market price trades above the STH Realised Price, providing a quantitative view of how long the newest cohort of investors has been in an aggregate unrealised profit state.

Utilising a 16-step rainbow gradient, the indicator tracks the duration of profitable regimes. As the price holds above the cost-basis floor, the bars climb and transition through the spectrum. A sustained climb in these rainbow bars signifies high network conviction, where recent buyers are incentivised to hold rather than sell, creating a supply-side crisis that often fuels parabolic price action. The STH Realised Price is overlaid as a green dynamic support line, allowing traders to observe how price reacts during retests of the network's cost basis.

How To Use

This indicator is primarily used to gauge trend maturity and identifying cycle overheating. In a healthy bull market, price should consistently bounce off the STH Realised Price. Each time it does, the counter resets, and a new purple-to-blue cluster begins. This "resetting" is a sign of a sustainable trend where the market is periodically de-risking before moving higher.

Traders should be cautious when the histogram remains in the Orange/Red Zone (100+ days) without a reset. While this shows extreme strength, it also indicates a mature trend where profit-taking incentives are becoming dangerously high. If price eventually breaks below the green STH Realised Price line after a long red cluster, it often marks a macro trend reversal. By monitoring the Days in Profit, investors can distinguish between a standard mid-cycle correction (which resets the counter) and a full-blown market peak (which precedes a shift into the Days in Loss regime).