BITCOIN REALIZED CAP
What has everyone paid for Bitcoin?
Every coin counted at the price it last changed hands, added up. The money the market has actually put in.
What the market has paid for its Bitcoin
What the market has paid for its Bitcoin, one reading a day, each coin counted at the price it last changed hands. Equal steps up the scale are equal percentage rises, so 2012's tens of millions and the trillions of recent years fit one view.
Inspect and compare dates
Pick two to four dates and read the total on each.
| Measure | Change | Relative change | ||
|---|---|---|---|---|
| Paid in total | $1.07T | $1.08T | +$13.55B | +1.3% |
Right now
The market has paid $1.08 trillion for the Bitcoin it holds. That is $13.5 billion more than 30 days ago.
Realized value counts each coin at the price it last moved at, not at the latest price. Coins that have not moved in years are still counted at the price they last moved at, however long ago that was. This reading covers every coin as of 14 Oct 2026, the most recent complete day.
Money in or money out
Over the past week the total is up $1.4 billion, 0.13% higher. Over the past year it is down $14.7 billion, 1.34% lower.
| Window | Change | In percent |
|---|---|---|
| The past week | +$1.38B | +0.13% |
| The past 30 days | +$13.55B | +1.27% |
| The past year | −$14.66B | −1.34% |
This is the part worth watching, and it is what makes this number different from what all Bitcoin is worth. That one moves whenever the price moves. This one only moves when coins actually change hands, so it goes up when someone buys higher than the seller once paid, and down when someone sells for less.
The most it has ever been
The most the market has ever put in is $1.13 trillion, on 26 Nov 2025, 11 months ago. The 14 Oct 2026 reading is $43.6 billion below that, so more money has gone out than has come in since then.
A total that falls means coins have been changing hands for less than their owners once paid. It can fall and rise inside the same month, so read the windows above beside this.
Against what the coins are worth
On 14 Oct 2026 the market had paid $1.08 trillion for its Bitcoin, while the same coins were worth $1.63 trillion at the latest price. The difference is a paper gain of $552.6 billion.
Realized value counts each coin at the price it last moved at, not at the latest price. Its twin, market value, counts every coin at the latest price instead. The difference between them is paper profit nobody has taken out. Dividing one by the other instead of subtracting gives the price-against-cost read, and the same idea shared out coin by coin is the average buy price.
How to read it
Read it as the market's receipt, not its price tag.
It answers how much money has genuinely been committed to Bitcoin over its whole life, which is a slower and steadier thing than the price and is why it is worth watching next to it. A coin that has never moved since 2011 is counted at its 2011 price, so long-held coins hold this total down. And coins whose owners have lost the secret that moves them are still in here, because the chain cannot tell a lost coin from a patient one.
Understanding
Bitcoin Realized Cap
Where it stands today
Counting every coin at the price it last changed hands, the market has paid $1.08T for its Bitcoin as of .
What does this chart measure?
Realized cap adds up every Bitcoin at the price it last changed hands, rather than at the latest price. A coin bought for a few hundred dollars a decade ago and never moved since is still counted at those few hundred dollars, however much it would fetch now. Add up all of them and you get what the market has genuinely paid for the coins it holds: $1.08 trillion on 14 Oct 2026.
How is this different from what it is all worth?
Realized value counts each coin at the price it last moved at, not at the latest price. Its twin, market value, counts every coin at the latest price instead. That is why the two move so differently. The other total re-prices every coin the moment the market does. This one only changes when a coin itself moves, so a price swing on its own leaves it exactly where it was. Open what all Bitcoin is worth.
What makes it go up or down?
It rises when coins change hands above what their last owner paid, and falls when they change hands below it. Rising means money is arriving and being committed at higher prices. Falling means the opposite. It is the closest thing on the chain to a record of money in and money out.
Does every transfer mean somebody bought?
No. A transfer can be a purchase, a move between two wallets owned by the same person, or something else. So the price a coin last moved at is a shared yardstick for what its owner paid, not a receipt from an exchange.
Is this a valuation?
It is not, and it says nothing on its own about whether Bitcoin is cheap or expensive. It leans low, because coins held patiently for a decade are still counted at decade-old prices, and because coins whose owners have lost the key that moves them sit in here forever at whatever they last cost. The chain cannot tell a lost coin from a patient one.
How often does it change?
The record steps one day at a time and holds complete days only, so the newest reading is the last full day, 14 Oct 2026. A part-finished day would carry a fraction of that day's trading and read as a still market on a busy one.
The numbers
behind the chart
What does the current reading show?
Paid in total: the latest reading is $1.08T, on . The highest reading since is $1.13T on ; the lowest is $39.14M on .
Daily readings since 1 Jan 2012 let you compare the latest day with earlier months. Highest and lowest cover every reading since then; month-end values use the last reading on or before that date. The latest reading is $1.08T, for 14 Oct 2026.
What are the latest, highest and lowest readings?
| Measure | Latest | Highest | Lowest |
|---|---|---|---|
| Paid in total | $1.08T | $1.13T | $39.14M |
How do the readings compare with earlier dates?
| Reference date | Paid in total |
|---|---|
| 1 month ago | $1.07T |
| 3 months ago | $1.06T |
| 6 months ago | $1.08T |
| 1 year ago | $1.1T |
| 2 years ago | $639.28B |
What was the reading at each month’s end?
| Reading date | Paid in total |
|---|---|
| $1.08T | |
| $1.07T | |
| $1.06T | |
| $1.06T | |
| $1.08T | |
| $1.08T | |
| $1.08T | |
| $1.09T | |
| $1.12T | |
| $1.12T | |
| $1.13T | |
| $1.11T | |
| $1.07T | |
| $1.05T | |
| $1.02T | |
| $957.15B | |
| $926.45B | |
| $883.16B | |
| $867.07B | |
| $859.8B | |
| $847.02B | |
| $811B | |
| $731.99B | |
| $653.51B |
Source: Maketo's daily record of what the market has paid for its Bitcoin. Reading for .