Realized Cap (true cost basis)
Valuation Models
Realized cap computed coin by coin: every unspent output valued at the price on the day it was created, from our own node. Since 2026-10-12 this is also the headline Realized Cap.
Current Value
$1,081,053,390,618
As of
2026-10-16
Z-Score
—
Signal
No threshold
Current Realized Cap (true cost basis) reading
As of 2026-10-16, Bitcoin’s Realized Cap (true cost basis) is $1.08T, compared with $1.10T one year earlier (2025-10-16). The series has 6,491 daily readings from 2009-01-03 to 2026-10-16, computed from our own full-archive Bitcoin node and refreshed every day.
Historical extremes
The highest Realized Cap (true cost basis) on record is $1.12T on 2025-11-26; the lowest is $0 on 2009-01-03. 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 Cap (legacy seeded estimate) — The realized-cap estimate published until 2026-10-12: anchored to hand-entered reference values, with daily changes filled in between.
- Realized Price (true cost basis) — True cost-basis realized cap divided by live supply — the average price at which every coin last moved.
- Puell Multiple — Daily miner revenue divided by 365-day average.
- Stock-to-Flow — Existing supply divided by annual new issuance.
- On-Chain Signal — Composite of multiple on-chain indicators.
Data & method
Source: computed from raw UTXO data on OnChainLab’s own Bitcoin node — no third-party data vendor. Category: Valuation Models. 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.