Realized Price

Onchain

The market-wide average cost basis of all coins — realized cap ÷ circulating supply, i.e. the price at which coins last moved on-chain. Spot below realized price means the aggregate market is in unrealised loss, historically near cycle bottoms.

Calculation
Realized Cap ÷ circulating supply (BRK realized_price).
Unit & source
usd · Bitcoin Research Kit (BRK); Coinmetrics/Glassnode concept

Related terms

Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.