Bitcoin holds above $54,000 realized price; recent buyers remain underwater

CryptoQuant says Bitcoin hasn’t dipped below its Realized Price this cycle. That line sits near $54,000. Source

The Realized Price tracks the network’s average cost basis. Above it, holders sit in profit. Details

Past bears spent time at or below that line. That’s where sell pressure usually fades. Chart

Short-term holders are in loss now. Their Realized Price sits above spot. “Recent buyers are underwater, creating sell pressure on every bounce,” CryptoQuant noted. Context Quote

“Strategy,” the largest BTC treasury holder, sits on a cost basis near $75,600. CryptoQuant says the market reacted there, where the latest rally got rejected. Source Comment

Price holds in a range near $68,400.

Key levels
- Network Realized Price $54,000 CryptoQuant
- Short-term holders’ RP above spot NewsBTC
- “Strategy” RP ~ $75,600 NewsBTC