Bitcoin’s realized price upholds $30,000 mark 
Onchain Highlights
DEFINITION: Realized Price is the Realized Cap divided by the current supply.
Bitcoin’s realized price offers a gauge of market behavior by reflecting the average price at which all bitcoins last moved on-chain. Over the past year, Bitcoin’s realized price has exhibited a steady upward trajectory, currently stabilizing near $30,000.
This trend contrasts with Bitcoin’s spot price, which experienced a sharp rise in early 2024, peaking above $70,000. However, since May 2024, the spot price has seen increased volatility while the realized price has maintained its slow but consistent rise.
Bitcoin: Realized Price: (Source: Glassnode)
The divergence between the realized price and spot price highlights an ongoing market trend where holders continue to accumulate. As the realized price often serves as a support level in previous bear markets, its steady increase suggests a strong underlying demand. This behavior highlights a cautious yet bullish sentiment in the market, where participants may be positioning for a potential sustained rally in the months ahead.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
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