Long-Term Holder Cost Basis Distribution Heatmap
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
About this metric
What it measures
Long-Term Holder Cost Basis Distribution Heatmap is designed to locate the USD cost bands of older held coins, using last-moved prices as cost proxies and a long-term age reference around 155 days. Band density would measure BTC within each price range; the available series contain only Price and fixed price bounds, not cohort balances by band.
How to read it
For long-term supply, a populated cluster below current price would identify older coins with paper gains; a cluster above price would identify older underwater coins. Clusters could grow through coins aging into the cohort even without new transfers, so changes would need to be separated into maturation, spending and repricing effects.
No density history is present in the available series, so they cannot verify a long-term holder cost cluster or its movement in past cycles. The fixed bounds of $0.01 and about $126,223 are not holder breakeven levels; lost coins, internal transfers and approximate age classification would also affect a populated distribution.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- On-chain Indicators
- Type
- Breakdown
- Unit
- USD
- Data since
- 2009-01-03
- Latest data
- 2026-10-27
FAQ
How does an LTH cost heatmap differ from LTH Realized Price?
The heatmap is intended to retain separate price bands and show concentrations of older supply. LTH Realized Price compresses the cohort into one average cost, which can hide wide differences between coins.
Can a long-term cost band grow when no coins move?
Yes, in a populated cohort distribution. Coins can enter the long-term category by aging around the reference horizon while retaining their earlier cost basis.
Does the price line show the average cost of long-term holders?
No. The available Price series is a market-price reference, and Max price and Min price are fixed bounds. None of these supplies the missing long-term holder band balances or an average cohort cost.
