Realized Price & MVRV (Market Value to Realized Value): total/STH/LTH
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Show BTC price: BTC scale: Halvings markers:
Show BTC price: BTC scale: Halvings markers:
Title: Realized price (average entry USD price) and MVRV (Market Value to Realized Value ratio) for the entire history or segmented by nine classes of short-term and long-term holders (STHs and LTHs).
Realized Price: Realized Price represents the average price at which all Bitcoin in circulation were purchased. Unlike the market price, which fluctuates based on the current trading activity, the realized price provides a historical view of the actual investment cost for Bitcoin holders. It is calculated by dividing the realized cap (the sum of all purchase prices of every Bitcoin in circulation) by the current supply of Bitcoin. This metric offers insights into the cost basis of the BTC holders.
MVRV (Market Value to Realized Value Ratio): The MVRV (Market Value to Realized Value ratio) is a metric that compares Bitcoin's market cap (quantity of coins times the current price) to its realized cap (quantity of coins times the realized price). It is interpreted as the average profit or loss ratio experienced by holders at any given moment in time. For example, if the MVRV is equal to 2, it means the average holder has a 100% profit in USD, i.e., a twofold increase in USD value.
STH/LTH buttons: Use the buttons to select the desired cohort of Bitcoin holders. STH stands for Short-Term Holders, and LTH stands for Long-Term Holders. For example, "STH<5m" represents the group of outputs/coins that have been purchased within the last five months. The metrics adjust to represent only that cohort. In contrast, "LTH>1y" represents all the outputs/coins that have not moved for a period longer than one year.
Usage: To zoom in, click and drag the mouse. To pan, hold "shift" while dragging the mouse. To reset the zoom, double-click.
Realized Price: Realized Price represents the average price at which all Bitcoin in circulation were purchased. Unlike the market price, which fluctuates based on the current trading activity, the realized price provides a historical view of the actual investment cost for Bitcoin holders. It is calculated by dividing the realized cap (the sum of all purchase prices of every Bitcoin in circulation) by the current supply of Bitcoin. This metric offers insights into the cost basis of the BTC holders.
MVRV (Market Value to Realized Value Ratio): The MVRV (Market Value to Realized Value ratio) is a metric that compares Bitcoin's market cap (quantity of coins times the current price) to its realized cap (quantity of coins times the realized price). It is interpreted as the average profit or loss ratio experienced by holders at any given moment in time. For example, if the MVRV is equal to 2, it means the average holder has a 100% profit in USD, i.e., a twofold increase in USD value.
STH/LTH buttons: Use the buttons to select the desired cohort of Bitcoin holders. STH stands for Short-Term Holders, and LTH stands for Long-Term Holders. For example, "STH<5m" represents the group of outputs/coins that have been purchased within the last five months. The metrics adjust to represent only that cohort. In contrast, "LTH>1y" represents all the outputs/coins that have not moved for a period longer than one year.
Usage: To zoom in, click and drag the mouse. To pan, hold "shift" while dragging the mouse. To reset the zoom, double-click.