Firsthand Bitcoin · Data · Bitcoin miners

Realised price

The average price at which every bitcoin last moved on chain, against the market price.

$51,913 on Sep 20, 2026, against $53,841 a year earlier.

Realised price values each coin at the price it last moved on chain rather than at today’s price. It is the cost basis of the whole network. When the market price falls below it, the average holder is under water; that has happened at the bottom of every cycle and rarely lasted long.

It is derived from Coin Metrics’ MVRV and market capitalisation.

Realised price, month by month

Month	Realised price
2025-10	$56,032
2025-11	$56,869
2025-12	$56,573
2026-01	$58,316
2026-02	$53,099
2026-03	$53,475
2026-04	$53,968
2026-05	$54,251
2026-06	$53,634
2026-07	$53,412
2026-08	$52,975
2026-09	$51,913

Questions

What is realised price today?

$51,913 as of September 21, 2026, down 2.4% over the last 30 days.

How has it changed over the past year?

A year ago it was $53,798; today it is $51,913, a change of -3.5%.

What is the highest realised price on record?

$60,008, on February 5, 2026.

How is this chart calculated?

Realised price values each coin at the price it last moved on chain rather than at today’s price. It is the cost basis of the whole network. When the market price falls below it, the average holder is under water; that has happened at the bottom of every cycle and rarely lasted long.

By year

2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013

Data: CSV · JSON. Embed: <iframe src="https://firsthandbitcoin.com/embed/realized-price" width="100%" height="420"></iframe>. Free to reuse with a link to this page.

Updated daily. Latest data 2026-09-22.

Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Bitcoin market capitalisation · Value settled on chain · Exchange trade volume · Bitcoin supply