
UTXO Realized Price Distribution (ATH-Partitioned) places each unspent output's BTC amount in the band of the price when that output was created. There are 100 equal cost-price intervals from zero to the snapshot's historical peak, mapping outstanding supply in BTC.
Supply concentrated below spot has a lower recorded cost and is in paper profit; clusters above spot locate underwater supply that may react near breakeven. On October 17, 2026, the lowest band of roughly $0–$1,262 contained about 3.74 million BTC, or 18.6% of the mapped 20.10 million BTC total.
A transfer between an owner's own addresses creates new outputs and can reset their recorded costs without a trade. Lost coins remain in the map, bands widen with a new ATH, and a cluster is neither an order book nor a guarantee that support or resistance will hold.
No. A trading volume profile records executions at each price. URPD records the last-move cost of outputs that remain unspent, so activity that leaves no current output does not remain as historical traded volume.
Spending consumes old outputs and creates new ones at the current recorded price. Even a transfer within one owner's wallets can move BTC from an old cost band to a new one.
This version assigns costs output by output. Entity-adjusted URPD groups addresses under estimated holders and uses their average cost, reducing the influence of identified internal transfers while adding clustering assumptions.