Realized Price Rolling 2Y
Realized Price smoothed with a two-year rolling mean. The ultra-long smoothing reveals the slow structural drift of the aggregate cost basis, a baseline that historically acts as deep cycle support.
What is it?
This metric applies a two-year rolling mean to Realized Price. This ultra-long smoothing reveals the structural drift of the aggregate cost basis across cycles, a baseline that historically acts as deep support. Recomputed from native realized price.
How to read
The structural slope is almost always rising, reflecting the secular increase in cost basis. The rare flattenings mark the deepest bear markets. It is a very-long-term reference, insensitive to short-cycle moves.
Key zones
The 2-year smoothed level constitutes a very-long-term cost floor rarely crossed below by spot price, those crossings marking the most extreme cycle bottoms.
What to observe
Compare the distance between spot price and this smoothed level: an extreme extension above accompanied euphoric tops, a convergence or downward crossing the deep capitulations.
Historical context
The 2-year smoothed Realized Price has almost never declined over history, its slope flattening only at the most severe cycle troughs. It provides the most stable cost anchor of the Realized Price family.
Expert notes
The 2-year smoothing is the slowest of the family: its lag on inflections exceeds a year. It serves as a structural reference, not an entry or exit reading. Its robustness makes it a good denominator for long-term valuation ratios.
Common mistakes to avoid
The 2-year smoothing is too slow for cycle timing: it confirms structural trends with a lag. Do not expect it to flag a reversal - it describes the underlying drift, not inflections.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/realized-price-rolling-2y/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "realized-price-rolling-2y",
"timeframe": "1y"
}Required tier: performance. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
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Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metric above does not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.