On-Chain Data School (Part Four): Visualizing BTC UTXO Age Price Distribution Chart

By: blockbeats|2025/04/05 07:15:03
0
Share
copy
Original Article Title: "On-chain Data Classroom (Part 4): Visualizing the $BTC Chip Price Distribution Chart  "
Original Article Author: Mr. Berg, On-chain Data Analyst

This article is the 4th in the On-chain Data Classroom series, which consists of 10 articles in total. Take you step by step to understand on-chain data analysis. Interested readers are welcome to follow this series of articles.

Related Reading: "On-chain Data Classroom (Part 3): Have the Bottom Fishing Whales Taken Profit?"

TLDR  

- This article will introduce the on-chain metric URPD  

- URPD shows the distribution of $BTC chips at different holding costs  

- URPD can be used to observe chip turnover, distribution conditions, and provide guidance on trends  

What is URPD?

URPD, short for UTXO Realized Price Distribution.

Due to BTC's unique UTXO blockchain structure,

we can track data on-chain that is unavailable in traditional financial markets.

The URPD chart is an indicator derived from this principle,

where we can see the number of chips corresponding to each price level on the chart,

equivalent to showing the "buying cost of each $BTC."

On-Chain Data School (Part Four): Visualizing BTC UTXO Age Price Distribution Chart

URPD, Chip Turnover, Accumulation, and Distribution  

After understanding the concept of URPD,

we can then observe the turnover of chips at different price levels based on the daily URPD changes.

For example:  

Chart one below is the URPD chart for May 1,

while chart two is the URPD chart for October 1.

After experiencing five months of wide-ranging fluctuations in price,

It is quite obvious to see the phenomenon of low-cost chips being distributed upwards.

-- Price

--

URPD, Chip Turnover, Accumulation, and Distribution (2)

In history, at a market top, it is usually accompanied by the tail end of high-profit low-cost chip distribution;  

while at a market bottom, a large amount of chips can be seen accumulating in a relatively narrow range.

Therefore, in analysis,

URPD is often observed together with other data (such as realized profit, MVRV, etc.),

integrating logical thinking to understand the market from a more comprehensive perspective.

Support, Resistance, Consensus  

When a significant amount of chips begins to accumulate in a single price range,

it indicates that a supply-demand consensus has gradually formed in that range.

Once the price later rapidly rises out of that range,

due to the high turnover of chips in that range,

it is likely to provide support in the future;

Conversely, if the price falls below that range,

the chips in that range will become trapped chips,

which may act as resistance levels in future price increases.

Conclusion

The above is all the content of On-Chain Data School (Part Four). For readers interested in delving deeper into on-chain data analysis, remember to keep track of this series of articles!

If you want to see more analysis and educational content on on-chain data, feel free to follow my Twitter handle (X)!

Hope this article has been helpful to you. Thank you for reading.

Original Article Link

You may also like

$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage

Despite the accelerated migration of Korean funds from cryptocurrency to the stock market, the Korean market remains an important barometer for global cryptocurrency retail liquidity and recovery turning points.

Bitcoin Trading Guide 2026: Strategies for Experienced Traders

Learn spot and futures trading strategies, risk management tips, and a realistic BTC trade setup in this bitcoin trading guide. Read the full analysis on WEEX.
 

What Is XAUT and PAXG? Why Tokenized Gold Is Booming in 2026

Gold prices surged, corrected, and returned to the spotlight in 2026. Discover what's driving gold and silver markets, explore XAUT and PAXG, and see why tokenized gold is attracting traders worldwide.

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

Will the SpaceX IPO Hurt Bitcoin? Here's What Traders Are Watching

What is the SpaceX IPO, and how could it affect Bitcoin prices? As SpaceX prepares for its historic Nasdaq debut, crypto traders are watching for potential liquidity shifts and market volatility.

Foreign selling in the South Korean stock market accelerates, with cumulative net sales reportedly reaching $75 billion this year

On June 9, The Kobeissi Letter, citing Goldman Sachs data, reported that global investors are selling South Korean stocks at an unusually rapid pace. In the latest trading session, foreign investors sold about $801 million worth of Kospi constituent stocks again; total foreign outflows last week reached about $10 billion, and the market has been in net foreign selling on nearly every trading day over the past month. According to the data cited in the report, foreign investors have sold about $75 billion worth of South Korean stocks so far this year. Meanwhile, South Korean retail and institutional investors together recorded roughly $69 billion in net buying over the same period, suggesting that the market’s main buying support has come from domestic capital rather than returning overseas funds. The information currently disclosed still mainly comes from The Kobeissi Letter’s retelling and Goldman Sachs data summaries, while public details on the statistical period and the specific definition of “selling” remain relatively limited.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com