Pricing Pricing Realisedcap Pricing Realisedcap
Bitcoin
Realized Cap values each coin at the price it last moved and sums them, giving the supply's aggregate cost basis.
Why it matters
It is a stable, on-chain measure of stored value, filtering out short-term price noise.
How it is built
Every UTXO is valued at its last-transacted price and all are summed.
What to watch
It acts as an aggregate break-even and anchors valuation ratios such as MVRV.
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