01Definition
Realized capitalization divided by circulating supply, often interpreted as an aggregate on-chain cost basis.
02Context
Realized capitalization divided by circulating supply, often interpreted as an aggregate on-chain cost basis. This coordinate is placed in the wider system through its protocol, economic and historical relationships.
03Why it matters
Understanding Realized price helps distinguish a verifiable Bitcoin mechanism or historical record from slogans, products and market narratives.
⌖Reference points
01
Linked to related atlas coordinates
02
Grounded in a source record
03
Explains function and trade-offs
04
Part of the open Bitcoin knowledge graph