Active realized price
cost basis with dormant and lost coins stripped out
The same idea as realized price, but it only counts the coins that are economically awake, so coins that are lost or have sat in cold storage for a decade stop dragging the number down. It sits well above plain realized price.
DefinitionRealized cap / active supply. Active supply is circulating supply x liveliness, an equivalent volume rather than a set of particular coins, so it discounts dormant and lost coins without anyone having to decide which ones are lost.
LimitLiveliness is cumulative since genesis, so this line reacts slowly. In euro this is the global market's cost basis expressed in euro, not what European holders paid; before 2013 the euro price is the dollar price converted at the ECB rate. Being corrected: this is built on active or vaulted supply, which the pipeline derived from the coinblocks liveliness while the published liveliness is coin-days. The gap averages 74,759 BTC of active supply, a median of 0.8%. The rebuild onto coin-days is under way and this caveat retires with it.