Definition. Realized Supply Density quantifies the concentration of supply located around the current spot price at ±5%, ±10%, and ±15%, respectively. Short-Term Holder Realized Supply Density and Long-Term Holder Realized Supply Density are the STH and LTH variants.

Technical. Density is computed on a UTXO basis.

Interpretation. A large concentration of supply around the current spot price suggests that fluctuations in price action can drastically affect the profitability of many investors, heightening the likelihood of market volatility.

Notes. Coined by UkuriaOC.