Small net profit after BTC rally — 3.3% over 200 days

Okay — here’s how I see it: I have to return $50,000 in USD and $50,000 in BTC, but Bitcoin rose 30% over these 200 days, so the BTC leg moved against me.

I calculated that because of that 30% BTC rally I’m effectively forced to add an extra $5,000 to cover the BTC repayment. The arithmetic I used is $1,900 + $5,800 − $5,000 = $2,900 total profit.

That equates to a 3.3% gain over 200 days. If I express it relative to the initial BTC position as I did, it becomes 3.3% × 0.8 = 2.7% from the original Bitcoin exposure.