Indicator Overview

The indicator is defined here as a model reflecting the potential energy of sell-side pressure. It is derived from the long-term, dormant coin supply, making it a very stable line. Unlike typical Realised Price models, this metric acts as a macro, long-term resistance level in a bull market. The market price approaching or surpassing this line indicates an imminent increase in profit-taking from long-term holders, suggesting that peak sell-side pressure is being approached as the market overheats.

How To Use

The Vaulted Realised Price functions as a critical resistance ceiling during bull market price discovery. When the market price approaches and surpasses this level, it signals that HODLers will ramp up their profit-taking pressure. This zone typically identifies an area where sustained upward momentum becomes difficult due to heavy selling. Conversely, price being far below this line, especially near the True Market Mean and Realised Price, suggests the market is deeply oversold, encouraging heavy accumulation by serious investors.