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Bitcoin Market Cap and 365-Day Moving Averages

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Simple Moving Average0 Days ˅
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Metric Description

Bitcoin Market Cap and 365-Day Moving Averages

Black: Bitcoin circulating market cap. Orange: its 365-day simple moving average. Blue: the 365-day simple moving average of long-term holder market cap. All series share a logarithmic USD axis.

Long-term holder market cap is the supply held for more than 155 days multiplied by the daily BTC price. Each moving average includes the current day and preceding 364 days, and remains unavailable until 365 consecutive daily observations exist.