Dashboard/Lab/Realized Price

Realized Price

Cohort Cost Basis

Aggregate cost basis of all coins — realized cap divided by circulating supply. Acts as macro support; price below it means the average holder is underwater.

Current Value

$53,786

As of

2026-10-16

Z-Score

—

Signal

No threshold

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Methodology

Open, reproducible — computed from our own archive node

Definition

Realized Price — the aggregate cost basis per coin: realized cap divided by circulating supply. The average price at which the entire supply last moved.

Formula

realized_price = realized_cap / circulating_supply

How we compute it

Direct division of realized cap by total mined (circulating) BTC from our UTXO archive.

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

Acts as macro support: when spot price falls below realized price, the average holder is underwater — historically a strong accumulation signal and a cycle floor.

Caveats & limitations

  • ·Uses the measured cost-basis realized cap since 2026-10-12 (see Realized Cap). Divides by total mined supply. The Realized Price (true cost basis) page divides by the measured unspent supply instead, which differs by about 0.001%.
Data points: 6,491 rows, 2009-01-03 to 2026-10-16Open in Lab →

Current Realized Price reading

As of 2026-10-16, Bitcoin’s Realized Price is $53,786, compared with $55,054 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 Price on record is $56,295 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

  • STH Cost Basis — Realized price of short-term holders (coins younger than 155 days).
  • LTH Cost Basis — Realized price of long-term holders (coins older 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.