Hot news for all of us! Today, Bitcoin’s realized price has been just seen as $6000 per coin which is the all-time high mark. Bitcoin's circulating supply is directing towards the smaller account holders which is the highest than ever before. It shows, more people are engaging to buy Bitcoins which is a good sign for Bitcoin's mainstream adoption trend in this world as it is clearly seen Bitcoin's demand is increasing.
So, what is the "realized price" of Bitcoin?
It is a unique metric that was first invented by Coin Metrics(crypto data firm) and derived from realized capitalization(Don't get confused with market capitalization). According to Coin Metrics, it is commonly used to measure the aggregate value of the Bitcoin network by multiplying each Bitcoin by the last time it moved.
How realized price is calculated?
Have a look at the following simple formula. Realized price=The realized cap÷The circulating supply
Have a look at the following chart from GlassNode
References:-
https://decrypt.co/37883/bitcoin-all-time-high-realized-price-holders-spread-wealth
https://studio.glassnode.com/metrics?a=BTC&m=market.PriceRealizedUsd
https://charts.woobull.com/bitcoin-price-models/