Over 50% of the Bitcoin UTXOs that have been created now sit in profit

Definition

UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created, i.e. each bar shows the amount of existing bitcoin that last moved within that specified price bucket.

Quick Take

  • As of March 20, over 50% of all UTXOs created are profitable.
  • Compared to November 21, the current bottom of this cycle was 23% of all UTXOs in profit.
  • Currently, 30% of all UTXOs have been bought between $15,500 and $28,000.
  • Looking at URPD by price level, we can see all different types of cohorts have ‘bought the dip’ between the Bitcoin price levels of $15,500 and $28,000.
  • The cohort that has been the most aggressive during these past four months has been retail (one bitcoin or less).
URPD 21 November: (Source: Glassnode)
URPD 21 November: (Source: Glassnode)
URPD 20 March: (Source: Glassnode)
URPD 20 March: (Source: Glassnode)
URPD: (Source: Glassnode)
URPD: (Source: Glassnode)

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