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The on-chain metric that could signal a bear market reversal The on-chain metric that could signal a bear market reversal

The on-chain metric that could signal a bear market reversal

with insights from Glassnode

Given the historically different behaviors LTHs and STHs exhibit, the ratio between their realized prices can illustrate how the market dynamic is shifting.

The on-chain metric that could signal a bear market reversal

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Realized price is a metric often used to determine market movements in bear and bull markets. Defined as the value of all Bitcoins at the price they were bought divided by the number of circulating coins, realized price effectively shows the cost-basis of the network. Dividing the network into cohorts can help us reflect the […]