Bitcoin Price Currently Above Realized Price for Major Investor Cohorts
Bitcoin's current price is above the Realized Price for major investor cohorts, indicating unrealized gains for holders. Key points include:
- The Realized Price tracks the average cost basis of investors; when BTC price exceeds this metric, holders are generally profitable.
- Bitcoin's price has historically followed a bullish trend when above the Realized Price for New Whales, currently at $89,300.
- A dip below this level would suggest a lack of momentum, but does not immediately indicate a bear market.
- The Miner Whales have a Realized Price set at $58,000, which would require a nearly 40% drop from current prices to retest.
- Historically, drops below the Miner Whales' mark have preceded bear markets.
- The Long-Term Holder Whales have an average acquisition level around $26,000 and have never seen their Realized Price breached.
Currently, Bitcoin price is rebounding after dipping below $94,000, now sitting at $96,200.
