Realized Price
Realized Price is the average cost basis of all coins — the price they last moved on-chain. When spot price drops below realized price, the market sits in aggregate loss and historically near cycle bottoms. STH (short-term, 155d) and LTH (long-term) show the gap between trader and holder cost basis.
- Formula:
- Realized Cap ÷ Supply
- Originator:
- Coinmetrics / Glassnode
- Data source:
- TradingView Pine (Historie 2010 → April 2022) + bgeometrics (April 2022 → heute)
Strategies to backtest
Thematically related strategies from our library — try them in the backtest engine or read up on the methodology.
The benchmark for everything else — buy on day one, hold forever. The reference every strategy is measured against.
Open strategy →Buy a fixed amount on a fixed schedule — week after week, regardless of price. Smooths volatility, removes timing decisions.
Open strategy →More Bitcoin indicators
Difference between market cap and realized cap, normalised by standard deviation. Values above 7 historically marked every top, below 0 every bottom.
Aggregated unrealised profit of all coins, five phase bands from capitulation to euphoria. Measures on-chain market sentiment.
Ratio between sale price and original cost of all moved coins. Below 1 = sellers at a loss = often a bottom signal. Tabs for STH and LTH.