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Bitcoin 1w-1m Realized Cap UTXO Age Bands Have Sharply Gone Up


kramkram

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As pointed out by an analyst in a CryptoQuant post, the percentage of the BTC realized cap that was last moved between 1 week to 1 month ago has displayed rapid uptrend for the first time in this bear.

The “realized cap” is a Bitcoin capitalization model that values each coin in the circulating supply using the price at which it was last moved. The metric then calculates the “true valuation” of BTC by summing up all these values of the individual coins.
 

This is different from the normal market cap, where every coin in circulation has the same one value; the current Bitcoin price.

The “realized cap – UTXO age bands” is an indicator that tells us the distribution of the realized cap of each age band in the market.

These age bands specify ranges between which UTXOs (or more simply, coins) falling into said age band were last moved.

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