BTC - Realized Capitalization (USD)
Description
The Bitcoin Realized Capitalization (Realized Cap) is calculated as the sum of the cost basis (USD) of all UTXOs in the ledger. It is the variant of market capitalization using cost basis instead of market price.
Bitcoin's USD Market Price is included for reference.
Pseudocode
for each block in blockchain:
real_cap_usd := sum(ledger.utxo[].costbasis_usd)
(x,y) := (block.time, real_cap_usd)
for each hour in blockchain:
hr_real_cap_usd := open(blockchain[hr_start:hr_end].real_cap_usd)
(x,y) := (hour, hr_real_cap_usd)
for each day in blockchain:
day_real_cap_usd := open(blockchain[day_start:day_end].real_cap_usd)
(x,y) := (day, day_real_cap_usd)
Technical Info
- Hourly and daily aggregations are derived from block data using open for this metric.
- Hourly data contains occasional gaps; no blocks were generated during these times.
Related Metrics
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