Definition
Realized Price reflects the aggregate price when each coin was last spent on-chain. Using Short- and Long-Term Holder (STH, LTH) cohorts, we can calculate the realized price to reflect the aggregate cost basis for each group.
Quick Take
- During later-stage bear markets, LTH cost basis is greater than STH cost basis, which is currently occurring.
- LTH cost basis is $22,240 while STH cost basis is $19,391.
- The four periods where the LTH cost basis is higher than the STH cost basis is highlighted with green and purple indicator.
- The total cross-over days is 864 days; this is broken down in each bear market by;
The 2012 bear market: 239 days
The 2015 bear market: 334 days
The 2019 bear market: 145 days
The 2022 bear market: 146 days
Analyst
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.
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