Another key metric points to the recovery of the Bitcoin (BTC) market — the current price has recently doubled the asset’s “realized” price.
The realized price of Bitcoin is calculated by dividing the realized market capitalization by the supply. The realized market capitalization is computed by multiplying each Unspent Transaction Output or UTXO by the prevailing price when it was last moved. This metric should convey the cost of acquisition of the asset. Traditionally, the realized cap and price have ranged below the actuals; however, around Black Thursday (March 19), it flipped.