Long-Term Holder Cost Basis Distribution Heatmap

สิ่งที่วัด

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.

วิธีอ่าน

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.