Definition. Realized Price segmented by holding-period age cohort, where Realized Price is the average acquisition cost of supply computed from the spot price at the time each unit last moved. Cohorts span from hot supply (most recently acquired) to cold supply (long-dormant coins). Realized Price is the related base variant without segmentation.

Technical. Breakdowns use an address-based approach, analyzing transactions and holdings at the wallet-address level to keep results comparable across digital assets and consistent across different blockchain architectures. This contrasts with the UTXO-based approach available for some chains (e.g. Bitcoin), and cross-method comparisons may show small deviations. Coin age is the time since an address's balance-weighted average acquisition time, so each address contributes its full balance to a single age band. Realized price uses each address's average acquisition price as cost basis. For ETH tokens, burn addresses are excluded.

Interpretation. Surfaces how average acquisition cost differs across hot-to-cold age cohorts. Answers questions of the form: is the average acquisition cost higher for older or newer coins?