BITCOIN URPD · SUPPLY BY COST BASIS
Where did people buy their Bitcoin?
Every coin remembers the price it last changed hands at. Traced over the years, the walls of owners glow bright — where the most Bitcoin was bought, and how those walls moved as the price climbed.
Each column is one day and the vertical axis is price. Bright bands mark the prices where the most Bitcoin was sitting (walls of owners), and the pale line is the price itself over time. Pick a timeframe or drag across the chart to zoom into any stretch, and hover to read the price at your cursor.
What's the read right now?
Thick floor close belowThe tallest wall below today's price sits between $57,112 and $61,101, about 4.1% underneath. That much Bitcoin bought so close under the price tends to slow a fall, because owners there are in profit and often step in again near their own cost.
As of 2026-07-02, measured against a price of $61,619.
Where are the biggest walls?
$57.1K to $61.1KThickest wall below1M BTC last moved here, 4.1% under today's price$83.3K to $85.3KThickest wall above1M BTC last moved here, 36.8% over today's priceHow many owners are in profit?
The share of all Bitcoin that last moved below today's price, meaning its owners are sitting on a gain.
50.7% of all Bitcoin is worth more than its owner paid$53,070 the average price paid across every coinWhat would change this read?
These walls move slowly. When the price pushes through a thick band and holds there, the coins inside it gradually change hands and the wall rebuilds around the new price. A wall that thins out without the price moving means those owners gave up and sold along the way.
Each bar holds exactly 5% of all Bitcoin, so this chart shows where owners are packed tightest, not exact prices. Watch the walls nearest today's price: they are where the next move meets the most owners.
Understanding Bitcoin URPD (Supply by Cost Basis)
Every Bitcoin on the blockchain carries a record of the price it last moved at, which is a good stand-in for what its current owner paid. Line all the coins up by that price and you get a map of where today's owners actually bought. Analysts call it a UTXO Realized Price Distribution, or URPD.
This view shows that map for every day at once. Each column is one day, the up-and-down axis is price, and the bright bands are the prices where the most Bitcoin was sitting — walls of owners. The pale line running through it is the price itself over time, so you can see the walls form as it climbs.
The walls matter because owners tend to defend the price they paid: people in profit often buy again if the price falls back to their cost, and people who waited underwater often sell the moment they break even. A bright band that has glowed steadily for years is a deep base of long-term owners; a fresh band building around today's price is where the current fight is happening.
Because each band groups a slice of the supply, this is a map of neighborhoods rather than exact addresses: it shows where owners are packed tightest, not a precise line. It updates every day as coins move and the bright bands slowly rebuild around new prices.