Bitcoin Realized Price For New Whales Marks Strongest Support For Current Con...
Bitcoin has experienced lackluster price action over the past few days, trading in a narrow range between $94,700 and $98,600 since last Friday. This stagnant movement has added to the speculative environment, leaving the market uncertain about short-term direction. Neither bulls nor bears have been able to take control, creating a sense of indecision among […]
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Data shows Bitcoin is now approaching another retest of the realized price, will the bulls be able to blow through the resistance this time? Bitcoin’s Recent Upwards Momentum Has Brought It Near Realized Price Again As pointed out by an analyst in a CryptoQuant post, BTC has spent a total of 138 days under the realized price so far since the June of this year. Before we look at the data for the Bitcoin realized price, it’s best if a basic understanding of the “realized cap” is attained first. The realized cap is calculated by multiplying each coin in the circulating....
On-chain data shows that the Bitcoin short-term holder whales have a cost base above $64,000, which could be a potential resistance point for BTC. Bitcoin Is Not Far From Realized Price Of Short-Term Holder Whales After Rally As pointed out by an analyst in a CryptoQuant Quicktake post, the BTC price had slipped below the Realized Price of the short-term holder whales earlier. The “Realized Price” here refers to an indicator that keeps track of the average cost basis that the investors of a particular group currently share. Related Reading: Bitcoin NVT Golden Cross Gives Bottom....
BTC bulls aim to confirm $20,000 as support as fresh on-chain data begins to signal that the bottom might be in. While Bitcoin (BTC) price support may be psychological for some traders, the statistics behind BTC remaining over $20,000 for a week are strong indicators of price support or in other words, a new bear market floor. Multiple Bitcoin data points might be able to establish a $20,000 support level. Last week Bitcoin reached a high of $20,961. However, it never sustained its upward momentum as the rally fizzled out, failing to break $21,000 support. As a result of the rally as well....
Data shows Bitcoin has broken above the realized price once again as the crypto surges to $22k. Will the recovery hold this time? Bitcoin Makes 2nd Attempt To Break Above Realized Price In 10 Days As pointed out by an analyst in a CryptoQuant post, BTC may be finally shooting above the realized price again after spending 33 days below the level in total. To understand what the “realized price” is, it’s best to first take a look at a quick explanation of the two main capitalization methods for Bitcoin. The “market cap” is calculated by multiplying each coin in....
Past trend of the Bitcoin actual/realized price ratio may be forming a pattern that could hint at a possible bottom for the crypto at $17k. Bitcoin Actual/Realized Price Ratio Currently Has A Value Of 0.8 As pointed out by an analyst in a CryptoQuant post, historical data of this BTC ratio may have interesting implications for the current market. The realized cap is a capitalization model for Bitcoin that multiplies each coin in the circulating supply with the price at which the coin was last moved and takes the sum of all the values. This is different from the usual market cap, where the....