Description:
Bitcoin realised price function could be presented as a linear composition:
where - weight of class , - realised price for class , . Multiplying two parts of equation with a circulating supply we get a composition for realised cap. A set of all bitcoin addresses presents a union of disjoint classes
, where , , , , is a balance of address
Union is a set of sat addresses (their balance is less than one bitcoin). The weight of the class is a ratio of the sum of balances of addreses in class to a circulating supply. The weights are in the
[chart],
the supply distrubution (weights multiplied with the circulating supply) in classes is in the
[chart].
Bitcoin on-chain independent research project
Data is available for non-commercial use under a CC BY-NC-SA 4.0 license
Contact: tsypruyan [at] {protonmail.com, gmail.com}, @tsypruyan