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On-ChainR

Realised Price

The average price at which all bitcoins were last moved on-chain. Calculated by dividing the Realised Cap by the circulating supply. Acts as an aggregate cost basis.

Example

“When Bitcoin's market price drops below the Realised Price of $28,000, it suggests the average holder is underwater, which historically has marked major cycle bottoms.”

Related Terms

Realised CapMVRV RatioCost Basis