Definition. Realized Price is Realized Cap divided by current supply. It represents the volume-weighted average price at which every unit of circulating supply last moved on-chain. Median Realized Price is the median counterpart, and Short Term Holder Realized Price is the short-term holder variant.

Technical. Supply here is the sum of all address balances, so it can differ from Circulating Supply. Except for BTC, realized cap values each address's full balance at its average acquisition price, following an address-based approach. For ETH tokens, burn addresses are excluded.

Interpretation. Spot above Realized Price means the aggregate holder base sits in unrealized profit, while spot below means net unrealized loss.