Chart
Bitcoin on-chain metric
Realized Cap
Updated: 2026-06-30 02:10 UTC
Metric context
Realized Cap
Definition
Definition
Realized Cap values each unit of BTC at the price when it last moved on-chain, rather than at the current market price.
How to read it
Reading context
Realized Cap is often read as an aggregate on-chain cost basis. Its trend helps separate speculative market repricing from capital that has actually moved on-chain.