This chart reflects the Realized Price for the Old Supply cohort (> 6m), modelling the average price at which each coin in this cohort last transacted.

This chart presents the following traces:

• 🔵 Old Supply Realized Price reflecting the average on-chain acquisition price for coins which have not moved in the last 6-months.

• 🟠 Old Supply MVRV reflecting the average unrealized profit/loss multiple held within the Old Supply cohort.