CryptoQuant User Guide
English
English
  • 🔍What is CryptoQuant
    • Introduction
      • How We Process Data
      • Why Trust CryptoQuant Metrics?
      • Why Market Driven?
    • Background Knowledge
      • What is On-Chain Data?
      • What are Entities?
      • What is a UTxO?
    • Our Product
  • 🎯QuickStart
    • 5 Minute Data Guide
      • 3 Key On-Chain Metrics
      • 3 Key Market Metrics
      • 3 Key Indicators
      • Deriving Insights
    • 5 Minute Feature Guide
      • 1. Charting Overview
      • 2. Set Alerts
      • 3. Dashboards
      • 4. Quicktake
      • 5. Top 15 Pro Charts
        • Miner Selling
        • Whale Accumulation
        • Large OTC deals
        • Buying/Selling Pressure
        • Market Trend
        • Market Sentiment
        • Whale Dumping
  • 📊CryptoQuant Metrics
    • Exchange Flows/Indicators
      • Exchange In/Outflow and Netflow
      • Exchange Reserve
      • Exchange to Exchange
      • Exchange Addresses Count
      • Exchange Transactions Count
      • Fund Flow Ratio
      • Exchange Supply Ratio
      • Exchange Inflow CDD
      • Exchange Inflow - Spent Output Age Bands
      • Exchange Inflow - Spent Output Value Bands
    • Miner Flows/Indicators
      • Miner Outflow
      • Miner to Exchange
      • Miners' Position Index (MPI)
      • Miner Supply Ratio
    • UTxO Data/Indicators
      • Profit and Loss (UTxO)
      • Profit and Loss (Supply)
      • Coin Days Destroyed (CDD)
      • Binary CDD
      • Mean Coin Age (MCA)
      • Sum Coin Age (SCA)
      • Sum Coin Age Distribution (SCA Distribution)
      • Spent Output Profit Ratio (SOPR)
        • aSOPR (Adjusted SOPR)
        • STH-SOPR
        • LTH-SOPR
        • SOPR Ratio (LTH-SOPR/STH-SOPR)
      • Net Unrealized Profit/Loss (NUPL)
      • UTXO Bands (Age)
        • UTXO Age Bands
        • Realized Cap - UTXO Age Bands
        • Realized Price - UTXO Age Bands
        • UTXO Count - Age Bands
        • Spent Output Age Bands
      • UTXO Bands (Value)
        • UTXO Value Bands
        • Realized Cap - UTXO Value Bands USD
        • UTXO Count - Value Bands
        • Spent Output Value Bands
    • Market Data/Indicators
      • Open Interest
      • Funding Rates
      • Estimated Leverage Ratio
      • Taker Buy Sell Volume/Ratio
      • Capitalization models
      • Realized Price
      • Exchange Whale Ratio
      • MVRV (Market Value to Realized Value) Ratio
    • Network Indicators
      • NVT Ratio
      • NVT Golden Cross
      • Puell Multiple
      • Stock to Flow Ratio
      • Stock to Flow Reversion
      • NVM Ratio
    • Stablecoin Exchange Flows/Indicators
      • Stablecoin Network Data
      • Stablecoin Exchange In/Outflow & Netflow
      • Stablecoin Exchange Reserve
      • Stablecoin Exchange Addresses Count
      • Stablecoin Exchange Transactions Count
      • Stablecoins Ratio
      • Stablecoin Supply Ratio (SSR)
    • Fund Data & Premium
      • Grayscale Bitcoin Trust (GBTC)
        • GBTC Digital Asset Holdings
        • GBTC Premium or Discount
      • Grayscale Ethereum Trust (ETHE)
        • ETHE Digital Asset Holdings
        • ETHE Premium or Discount
      • Coinbase Premium
      • Korea Premium Index
      • Bank Supply Ratio
  • 🛠️Web3 Analytics Tool
    • Overview
    • Cohort Data Navigation
    • Query Data Navigation
    • How to Use(Query Tool)
      • 1. DateTime Aggregation
      • 2. Query Block - Metric
      • 3. Query Block - Where
      • 4. Query Block - Group by
      • 5. Query Block - Join
      • 6. Query Block - Order by
      • 7. Save and Run
      • 8. Editing the Result
      • 9. Visualization
        • Table
        • Pie
        • Serial
        • Number
        • Pivot Table
  • 📌Reference
    • FAQ
    • Community Guidelines
    • Community Links
Powered by GitBook
On this page
  • Definition
  • Interpretation
  • By value itself
  • By examining trend
  • Link to Our Data

Was this helpful?

  1. CryptoQuant Metrics
  2. UTxO Data/Indicators
  3. UTXO Bands (Age)

Realized Cap - UTXO Age Bands

Realized Cap - UTXO Age Bands shows the distribution of realized cap of a specified age band

Definition

Realized Cap - UTXO Age Bands shows the distribution of realized cap of a specified age band. Each colored band represents the Realized Cap of UTXOs in existence, that were last moved within the denoted time period in USD value. Realized Cap is calculated by valuing each UTXO by the price when it was last moved.

Realized Cap - UTXO Age Bands (USD)=∑u∈utxosvalueu∗I(ai≤lifespanu<bi)∗Priceu, at created\text{Realized Cap - UTXO Age Bands (USD)} ={\sum_{u \in utxos} \text{value}_u * \mathbb{I}(a_i \leq \text{lifespan}_u < b_i) * \text{Price}_{\text{u, at created}}}Realized Cap - UTXO Age Bands (USD)=u∈utxos∑​valueu​∗I(ai​≤lifespanu​<bi​)∗Priceu, at created​
\text{Realized Cap - UTXO Age Bands (%)} =\frac{\sum_{u \in utxos} \text{value}_u * \mathbb{I}(a_i \leq \text{lifespan}_u < b_i) * \text{Price}_{\text{u, at created}}}{\sum_{u \in utxos} \text{value}_{u} * \text{Price}_{\text{u, at created}}}*100
[ai,bi)∈[[0,1d),[1d,1w),[1w,1m),[1m,3m),[3m,6m),[6m,12m),[12m,18m),[18m,24m)[2y,3y),[3y,5y),[5y,7y),[7y,10y),[10y,inf⁡)[a_i, bi) \in [[0, 1d), [1d, 1w), [1w, 1m), [1m, 3m), [3m, 6m), [6m, 12m), [12m, 18m), [18m, 24m)\\ [2y, 3y), [3y, 5y), [5y, 7y), [7y, 10y), [10y, \inf)[ai​,bi)∈[[0,1d),[1d,1w),[1w,1m),[1m,3m),[3m,6m),[6m,12m),[12m,18m),[18m,24m)[2y,3y),[3y,5y),[5y,7y),[7y,10y),[10y,inf)

Modified Metrics

Metric

Definition

Realized Cap - UTXO Age Bands USD

Each colored band represents the Realized Cap of UTXOs in existence, that were last moved within the denoted time period in USD value.

Realized Cap - UTXO Age Bands (%)

Each colored band represents the ratio of the Realized Cap of UTXOs in existence, that were last moved within the denoted time period.

Interpretation

This indicator summarizes the capitalization held by long-term and short-term holders. As price rises/falls, it is advised to watch out for shifting distribution in the UTXO Age Bands to further gain insights on the market through analyzing its participants.

Different from UTXO Age Bands indicating UTXO native values or USD value which applies the current same price standard to each band, Realized Cap - UTXO Age Bands (USD) applies each UTXO by the price when it was last moved to make the indicator some advantages overseeing the market.

1) Lost Old Coins' influence on the metric is minimized.

For example, UTXOs that locates at the Age Band of 10 years to infinity could be assumed lost since it hasn't moved for a long time. UTXOs like these could be represented as a substantial amount in the normal UTXO Age Bands but it's minimized at the Realized Cap- UTXO Age Bands because of the low price that bitcoin was at the time.

Applying Realized price naturally accounts for long-held but lost coins.

2) Represents Stored Value as it counts for each economical circumstance at the time along with age band.

Bitcoin's price has been x10000 since its creation and equalling the same amount of purchase at the cost of a dollar with standards today might be misleading in evaluating stored value. Realized Cap - UTXO Age Bands accounts for the economic standard of the according to Band Age.

By value itself

  • High value(Native Value) & Dominance(%) in certain UTXO Age Band - Age Band's type of investor has more representative

For example, if the UTXO Age Band of 3 years to 5 years have the greatest Realized Cap - UTXO Age Bands,

1) It is possible to interpret it as investors that held 3 to 5 years have more potential of influencing the market both in terms of age and stored value.

2) The average price range bought at the time could indicate an important price level in the market.

  • Low value(Native Value) & Dominance(%) in certain UTXO Age Band

For example, if the UTXO Age Band of 3 years to 5 years has the least UTXO Age Band Value,

1) It is possible to interpret it as investors that held 3 to 5 years have less potential of influencing the market than other UTXO Age Band in terms of economical stored value.

2) The average price range bought at the time could indicate an important price level but could fall behind compared to other UTXO Age Bands.

By examining trend

  • Longer UTXO Aged Bands Gaining Dominance or Larger in Depth - More UTXOs are being held for the Long term = More HOLDing

As comparatively newer coins are being held or so to speak HODLed without any movement in the network, it moves on to the next UTXO Age Bands implying that more coins are being held in the long term and more values are being stored according to Age Band.

  • Younger UTXO Aged Bands Gaining Dominance or Larger in Depth - Old Coins Being Renewed to Younger Coins = Old Coins Being Circulated

As older coins are being transferred in the network, they are destroyed and become new UTXO making the younger UTXO Age Bands increase in value which results in young UTXO Age Bands growing in size.

Link to Our Data

PreviousUTXO Age BandsNextRealized Price - UTXO Age Bands

Last updated 2 years ago

Was this helpful?

📊
Realized Cap - UTXO Age Bands USD Live Chart
Realized Cap - UTXO Age Bands (%) Live Chart