Bitcoin URPD: where holders bought
All bitcoin grouped by the price at which it last moved: where holders’ cost bases sit, and where support and resistance may be.
Where holders bought today
Compiled by SBZ from public blockchain data. Updated twice a day.
All bitcoin, grouped by the price at which each coin last moved on the blockchain. Large bars below today’s price are holders in profit, a zone that has tended to act as support; large bars above are holders waiting at a loss, who may sell when they break even, a zone that has tended to act as resistance.
What is the URPD?
The UTXO realized price distribution (URPD) groups every bitcoin by the price at which it last moved on the blockchain. Each bar is a price range; its height is the amount of bitcoin whose most recent move happened in that range. Bars below today’s price (violet) are coins held at a profit; bars above it (red) are coins held at a loss.
How to read it
Tall bars mark prices where many holders have their cost basis. Below the current price, they have tended to act as support, because holders are reluctant to sell below what they paid. Above it, they have tended to act as resistance, because holders who are at a loss may sell when the price returns to break even. The tags show three average costs: the realized price of all holders, of long-term holders (coins unmoved for about five months or more) and of short-term holders.
Limits
The URPD is a snapshot of today: coins that move are reassigned to the price at which they moved, so the shape changes as the market trades. Exchange wallets and transfers between a holder’s own wallets can make clusters look bigger than they are. Coins last moved below $2,500, mostly before 2017, are left out so the scale stays readable.
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Frequently asked questions
What does URPD stand for?
UTXO realized price distribution. A UTXO is an unspent transaction output, the unit in which bitcoin is held on the blockchain.
Why do clusters act as support or resistance?
Many holders bought at those prices. Below the price they tend to hold; above it, some sell when they get back to break even.
What is the short-term holder cost basis?
The average price at which coins moved in roughly the last five months were bought. Bitcoin trading below it has often meant recent buyers are under pressure.
How much bitcoin is in profit?
The live share is shown at the top of this page: the bitcoin last bought below today’s price.
For information only, not investment advice. Figures are updated automatically and can differ slightly between data providers.