Bitcoin realized price reaches a new peak for the year
Quick Take Realized price is a metric that offers an average acquisition cost of the total coin supply on-chain. Historically, when Bitcoin’s value dips below the realized price, signified by the purple lines on the chart below, it has consistently indicated a market bottom. This trend has manifested at least once in every bear market […]...
- Realized price is an average acquisition cost of the total coin supply on-chain.
- When Bitcoin's value dips below the realized price, it has historically indicated a market bottom.
- Bitcoin's current realized price is $20,300, the highest since the FTX collapse, and it continues to rise.
- The upward trend in realized price is promising as short-term holders increase their cost basis.
- Bitcoin's value trajectory has shown successively higher peaks with each cycle.
- It is unlikely for the price to fall below the realized price and reach a value as low as $15,500.
The overall sentiment of the article is positive. It highlights the promising upward trend in Bitcoin's realized price and suggests that a market bottom may have been reached. It also mentions the success of Bitcoin's value trajectory and downplays the likelihood of a significant drop in price.