On-chain data shows Bitcoin has been trading inside a major cost-basis cluster recently, and the latest rally hasn’t taken it past the range either. Bitcoin URPD Shows Significant Supply Has Cost Basis Near Current Levels In a new post on X, analyst Ali Martinez has discussed the latest data for the UTXO Realized Price Distribution (URPD) of Bitcoin. This on-chain indicator tells us about the amount of BTC that was last purchased at the various price levels visited by the cryptocurrency in its history. Related Reading: Top Toncoin Whales Silently Accumulate 189,730 TON Despite Market Weakness Below is the chart shared by Martinez that shows how the URPD of Bitcoin is looking right now