Cost basis of coins older than a year
what year-old coins cost their owners
The total amount paid for the bitcoin that has not moved in over a year. It is the deepest, slowest-moving layer of the market's cost basis.
DefinitionRealized cap restricted to coins aged one year or more.
LimitUnlike every other series here this one is computed daily, not per block, and held flat within the day: the live cost basis by coin age needs a matrix of creation height against observation height, which is 961k x 961k per block and only 6,674 x 6,674 per day. It never looks forward. The 1.46M BTC mined before a market price existed (17 July 2010) carry a cost basis of zero rather than being dropped, so they flatter every profit measure built on this. Supply with no cost basis charts how much that is.