Bitcoin Cost Basis Distribution Heatmap

Bitcoin Cost Basis Distribution Explained

This chart combines Bitcoin's price history with a volume profile showing the cost basis distribution of all current UTXOs.

The horizontal bars on the right side of the chart show how much Bitcoin supply was last moved at each price level. The bars are colored by density:

• Cool blue = low concentration of supply
• Green = moderate concentration
• Yellow = high concentration
• Red = highest concentration of supply

Price levels with large concentrations of supply (red/yellow) can act as support or resistance zones, since many holders have their cost basis at those levels.