Realized Cap (legacy seeded estimate)
Valuation Models
The realized-cap estimate published until 2026-10-12: anchored to hand-entered reference values, with daily changes filled in between. Kept for continuity. It is off by up to 15% at the 2017 top and 20-50% in 2025, and it jumps at each anchor. Use Realized Cap instead.
Current Value
$1,057,400,934,812
As of
2026-10-16
Z-Score
—
Signal
No threshold
Current Realized Cap (legacy seeded estimate) reading
As of 2026-10-16, Bitcoin’s Realized Cap (legacy seeded estimate) is $1.06T, compared with $883.5B 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 (legacy seeded estimate) on record is $1.09T on 2026-05-14; the lowest is $394.1M 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 (true cost basis) — Realized cap computed coin by coin: every unspent output valued at the price on the day it was created, from our own node.
- 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.