Dashboard/Lab/LTH Cost Basis

LTH Cost Basis

Cohort Cost Basis

Realized price of long-term holders (coins older than 155 days). Deep cycle support — price approaching it signals capitulation territory.

Current Value

$49,060

As of

2026-10-16

Z-Score

—

Signal

No threshold

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Methodology

Open, reproducible — computed from our own archive node

Definition

Long-Term Holder cost basis — the realized price of coins older than 155 days. Deep cycle support.

Formula

lth_realized_price = lth_cost_basis_usd / lth_supply_btc

How we compute it

Summed USD cost basis of long-term-holder coins divided by their BTC supply, from the cohort-extraction stage.

Provenance · Every on-chain metric traces back to our own self-hosted Bitcoin archive node — no third-party data vendor sits in the path. We extract the full UTXO lifecycle (each output's creation height/time, value, and the height/time it was later spent), join it against an independent USD price oracle, and roll it up into daily aggregates. The metric formulas are pure functions over those aggregates (src/pipeline/formulas.py), so any value on this page can be reproduced from the published daily archive.

Interpretation

Price approaching the LTH cost basis signals capitulation territory — the cohort least likely to sell is near break-even, historically a cycle floor.

Caveats & limitations

  • ·Requires the cohort-extraction stage.
Data points: 5,749 rows, 2011-01-20 to 2026-10-16Open in Lab →

Current LTH Cost Basis reading

As of 2026-10-16, Bitcoin’s LTH Cost Basis is $49,060, compared with $36,793 one year earlier (2025-10-16). The series has 5,749 daily readings from 2011-01-20 to 2026-10-16, computed from our own full-archive Bitcoin node and refreshed every day.

Historical extremes

The highest LTH Cost Basis on record is $49,870 on 2026-07-26; the lowest is $0 on 2011-01-20. Readings near either end of that range have historically coincided with cycle turning points — use the chart above to see where today sits relative to past extremes.

Read it with

  • Realized Price — Aggregate cost basis of all coins — realized cap divided by circulating supply.
  • STH Cost Basis — Realized price of short-term holders (coins younger than 155 days).
  • STH MVRV — Short-term holder MVRV — market value vs cost basis for coins under 155 days.
  • LTH MVRV — Long-term holder MVRV — market value vs cost basis for coins over 155 days.
  • STH SOPR — Spent Output Profit Ratio for short-term holders.

Data & method

Source: computed from raw UTXO data on OnChainLab’s own Bitcoin node — no third-party data vendor. Category: Cohort Cost Basis. Last updated 2026-10-16. The full series is free to download as JSON or as part of the full daily CSV, and the published dataset is cryptographically committed — you can verify it yourself. Browse all metrics.