1m, STH and cumulative holder cost bases — Bitcoin price versus the supply-weighted cost basis of coins younger than each age window
Bitcoin spot price against cumulative realized-price windows for 1-month, short-term, 2-year, 3-year, 5-year and 10-year holders, plus the full realized price.
Each line is the supply-weighted cost basis of coins younger than that window. Spot above a line puts that window’s average coin in profit; retests often reveal holder support or stress.
The windows overlap and should not be added together. Short windows react quickly; older windows move slowly because they include a much broader coin base.