Definition ∞ UTXO Realized Price Distribution is an on-chain metric that visualizes the distribution of Unspent Transaction Outputs (UTXOs) across different realized price bands. It shows the price at which each bitcoin or fraction of a bitcoin last moved on the blockchain. This distribution helps analysts understand the average cost basis of different cohorts of investors. It provides insight into where significant amounts of capital entered the market.
Context ∞ Crypto news and analytical reports often reference UTXO Realized Price Distribution to identify key support and resistance levels based on investor acquisition costs. Observing shifts in this distribution can indicate periods of accumulation or distribution by various market participants. This metric offers a deeper perspective on market structure and potential price behavior.