Charts
Charts of the Week
Featured charts and trending analysis
Terminal Price
Terminal Price is calculated by first determining the Transferred Price, which normalizes Coin Days Destroyed (CDD) against Bitcoin's current supply and the time it has been in circulation.
Interpretation
Transferred Price divides the sum of Coin Days Destroyed by Bitcoin's existing supply and the time it has been in circulation, then multiplies the result by 21 to normalize for Bitcoin's total supply. This creates a 'terminal' value, which helps forecast Bitcoin price cycle tops.
Key Insights
- Terminal Price normalizes Bitcoin's historical behavior to current conditions, helping predict potential price tops in Bitcoin cycles
- Uses a reverse supply adjustment method, accounting for both Bitcoin's current supply and historical coin movement patterns
- Historically, Terminal Price has been a reliable indicator for forecasting Bitcoin price tops, based on the assumption that Bitcoin's total supply is capped at 21 million coins