This Bitcoin Price Indicator Adjusts For Lost and Unmoved Coins33.6

Castle Island Venture’s Nic Carter, with the help of Blockchain.info’s Antoine Le Calvez, presented the concept of “Realized Value” for Bitcoin price at the Riga Baltic Honeybadger 2018 conference. The point was further elaborated upon in a Medium post by Murad Mahmudov and David Puell.

The Realized Value ratio is calculated by dividing the daily market value by realized value on a daily basis. It calculates the aggregated value of UTXOs priced on their value when they were last moved.

Original source
https://bitcoinist.com/bitcoin-price-indicator-lost-unmoved-coins/

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