BTC 50MARP: 1.300
A short-horizon profit ratio: bitcoin's average price over the last 50 days divided by the average price its owners paid over the same 50 days. Above 1 the market is running hot; below 1 it is cool. Every point shown is real up to the date on the badge above the chart.
Take bitcoin's average price over the last 50 days, and the 50-day average of the price at which all coins last changed hands, then divide the first by the second. Smoothing both sides over 50 days strips out daily noise.
For example, 1.6 means bitcoin has been trading about 60% **above** what its owners paid, on a smoothed 50-day view — the market is running hot. Below 1.0 the price has sat under the market's own cost for weeks, which has **only** happened during deep downturns.
Because both sides are 50-day averages, it confirms a shift rather than catching it early.
In words: the 50-day average of bitcoin's price divided by the 50-day average of the price all coins last changed hands at.
Every point on screen is real and complete up to the date on the badge **above** the chart. The outside feed that supplied them is switched off for good; **our own Bitcoin node** — a full copy of the blockchain that we run ourselves — is recounting this series from the very first block, and new points resume once that finishes.
Both inputs are 50-day averages, so this line always turns well after the market does.
bitcoin-data.com (BGeometrics) supplied every point on this chart, and each one is real up to the snapshot date shown. Safu switched that feed off for good because its licence does not let us republish the data, so no newer days and no older days will arrive from it — no paid key and no purchased history are planned. Safu's own Bitcoin node is re-reading the blockchain from 2009 to rebuild this history. Feed no longer used.
History from bitcoin-data.com (no longer collected) · daily points, 2022+ · historical snapshot, no longer updating