What is the realized price of Bitcoin?

Realized price is total realized cap divided by circulating supply — the average cost basis of all coins currently held. When spot price falls below realized price, most holders are in loss (usually near cycle bottoms).

NUPL (Net Unrealized Profit/Loss) = (Market Cap - Realized Cap) / Market Cap. Values above 0.75 indicate excessive unrealized profit (euphoria zone); values below 0 indicate capitulation (all holders are in loss).

Realized Capitalization Calculator

Calculate realized capitalization for cryptocurrency assets — the sum of all UTXO values priced at their last movement price rather than current price. Compute realized price (average cost basis), NUPL (Net Unrealized P&L), and unrealized gains/losses.

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate realized capitalization for cryptocurrency assets — the sum of all UTXO values priced at their last movement price rather than current price. Compute realized price (average cost basis), NUPL (Net Unrealized P&L), and unrealized gains/losses. Use the realized cap result to inform your calculation.

Realized Capitalization Calculator

How to Use

Frequently Asked Questions

What is the realized price of Bitcoin?

What is NUPL?