Glossary

Realized price

Realized price is the average price at which all coins in a supply last moved on-chain. It is the realized value divided by the coin supply.

Realized price is the realized value divided by the coin supply. The realized value counts each coin at the price on the day it last moved. The realized price is therefore a supply-weighted average of those prices. It estimates the average cost of all holders.

When the market price is above the realized price, holders are in profit on average. When it is below, they are at a loss on average. The line is often drawn on a price chart as a reference level. It moves slowly because only coins that move change it.

Realized price has known limits. Lost coins and coins that have not moved for many years stay in the average at their old price. A transfer between two wallets of one owner counts as a movement. Variants such as the true market mean remove part of this distortion. Read it as an estimate of cost, not as support.