True Market Mean
Onchain
The Cointime Economics fair-value mean price — investor cap divided by active supply. A cointime-adjusted "average cost" that discounts long-dormant (vaulted) coins. Native BRK series (ARK×Glassnode 2023).
Calculation
BRK true_market_mean = investor_cap ÷ active_supply (investor_cap = realized_cap − thermo_cap).
Unit & source
usd · Bitcoin Research Kit (BRK) — Cointime Economics (ARK Invest × Glassnode, 2023)
Related terms
Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.