Bitcoin market sentiment shift – Realized price metrics show transition from bear to bull market

Data analysis reveals the potential conclusion of a 191-day bear market using realized price metric cohorts.

James Van Straten
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James Van Straten
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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Quick Take

  • CryptoSlate research team has been thoroughly analyzing specific metrics that can allow us to see a transition between bear and bull markets.
  • The short-term holder realized price has now flipped long-term holder realized price for the first time since May 2019.
  • STH RP: $21,742
  • LTH RP: $21,334
  • According to this metric, this bear market has ended — which was a total of 191 days this cycle.
  • In Bitcoin history, this adds up to a total of 906 days.
  • 2012: 239 days
    2015: 334 days
    2019: 145 days
    2023: 191 days
Cost Basis Cohorts: (Source: Glassnode)
Cost Basis Cohorts: (Source: Glassnode)
Cost Basis Cohorts: (Source: Glassnode)
Cost Basis Cohorts: (Source: Glassnode)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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