Balanced Price
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About this metric
What it measures
Balanced Price is Realized Price minus Transferred Price, expressed in USD per BTC. Transferred Price divides cumulative USD-valued coin days destroyed by market age in days and circulating supply, turning historical age-weighted spending into a per-coin deduction from the realized cost basis.
How to read it
A narrowing gap between BTC price and Balanced Price places spot closer to this discounted cost model; a wider gap places it further above it. The model stood near $16,494 on October 17, 2022, versus about $22,294 at the April 2024 halving, illustrating how its reference level evolves over time.
The line is shaped by lifetime spending history and old acquisition prices, so it responds slowly and is not an executable floor. Non-sale transfers can alter coin days destroyed, and values from the earliest pricing period should not be read as observed investor purchase costs.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- On-chain Indicators
- Type
- Single value
- Unit
- USD
- Data since
- 2009-01-03
- Latest data
- 2026-10-27
- Data points
- 6,507
FAQ
Why is Balanced Price below Realized Price?
It subtracts a nonnegative age-weighted transfer-price component from Realized Price. The deduction makes it a discounted model rather than the market's average acquisition cost.
How does Balanced Price differ from Delta Price?
Balanced Price deducts Transferred Price from Realized Price. Delta Price instead deducts lifetime Average Cap from Realized Cap and divides by supply, so the two use different historical reference values.
Does BTC approaching Balanced Price confirm a market bottom?
No. It only shows proximity to a particular cost-and-spending model. Neither the formula nor the available history guarantees that BTC will hold above it.
