BTC: Realized Price by Age
Shown as its 2019–2022 sample; the latest readings and full history are included with Pro.
The average purchase price of the bitcoin in each age band, from coins that moved in the last day to coins unmoved for years.
Why use it. It shows where each group of holders breaks even: the prices at which short-term and long-term holders are in profit or at a loss. How to read it. When the price is above a band's line, that band is in profit on average; below it, at a loss. Young bands follow the price closely; old bands show where long-held coins were bought.
Calculation. How ours differs: a coin's purchase price is the BTC price on the day its unspent output was created. Exact definition: The realized price of each age band: the average creation-day price of the coins in the band. When the price is above a band's line that band is in profit on average, below it at a loss. The young bands follow the price closely; the old bands show where long-held coins were acquired. For each band: the sum of each coin x its creation-day price, divided by the band's coins with a cost basis. A coin's age is counted in whole UTC days: the reporting day minus the UTC day its output was created, by block header time. The bands are: under 1 day (created that same day), 1 day to 1 week (1 to 6 days), 1 week to 1 month (7 to 29 days), 1-3 months (30 to 89), 3-6 months (90 to 179), 6-12 months (180 to 364), 1-2 years (365 to 729), 2-3 years (730 to 1,094), 3-5 years (1,095 to 1,824), 5-7 years (1,825 to 2,554), 7-10 years (2,555 to 3,649), 10-15 years (3,650 to 5,474) and 15 years or more. Because ages are counted in whole days rather than hours, a coin near a band edge can sit in the neighbouring band for up to a day. Each coin is valued at its creation-day price, the BTC/USD price at the start of the UTC day its output was created: the same basis as the site's MVRV, realized price and SOPR, whose totals these bands add up to exactly. Ages belong to outputs, not owners: spending an output resets the age of everything it pays, change and moves between one owner's addresses included, so the bands show how long coins have been unmoved on the blockchain, not how long their holders have held them. Coins created before 18 July 2010, the first day with a BTC/USD price, have no cost basis and are left out of every USD value and ratio here; they sit in the oldest bands. Computed by CryptoKeyhole from its own Bitcoin node's record of every unspent and spent output by creation day, with its own admitted daily BTC/USD prices. Daily from 18 July 2010. Each value describes the UTC day after its last block, valued at the day's closing price; the open day is a labelled partial, valued at the latest completed hour and updated through the day, and becomes final six blocks after the day's last block.