On-chain data shows that a Bitcoin cross that has proved quite profitable has once again formed for the cryptocurrency.
Bitcoin Realized Price Of Short-Term Holders Overtakes Long-Term Holders
As an analyst in a CryptoQuant post explained, the realized price of the 1 to 3 months holders has just exceeded that of the 6 to 12 months investors.
The “realized price” here refers to a metric derived from the “realized cap,” which is a capitalization model for Bitcoin that assumes a coin’s true value is the price at which it was last transacted on the blockchain rather than the current BTC price as the usual market cap says.
The realized price is obtained when the realized cap is divided by the total number of coins in circulation. Since the realized cap accounted for the prices at which the investors acquired their coins (their “cost basis”), the realized price represents the average acquisition price in the market.
This means that whenever the Bitcoin price dips below this met
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