Onchain Cost Basis Ladder · BTC
As of 23 Jul 2026 · Explainable knowledge object · Not a trading signal
Cost-basis ladder: Spot sits between Realized Price (below) and STH Cost Basis (above). 1 of 5 rungs sit below spot ($65,624). Cointime MVRV 1.3589 (market cap ÷ investor cap; oscillates — tops 3–5, bottoms <1), 15th trailing percentile over 5813 days. All five rungs are BRK-native Cointime quantities (Realized/STH/Active/True Market Mean/Vaulted), no self-reconstruction; Cointime identities reconcile (data-integrity gate green). A descriptive on-chain state — where the market sits relative to holder cost bases, not a trading signal and not advice.
Factors
Source & reproducibility
- Object: ko:onchain_cost_basis_ladder:btc:2026-07-23
- Engine: cost-basis-ladder-engine vcbl_v2
- As of: 23 Jul 2026 · computed 2026-07-23
- Repro hash: sha256:8b3e34bbc9c75ca67…
- Inputs: 11 provenance references
This is a descriptive, explainable knowledge object for research and education — not financial advice and not a buy/sell signal. Figures describe the past and present; they do not predict the future.