The realized Bitcoin price represents the average on-chain acquisition cost. It’s a handy metric as it perfectly gauges the market’s valuation baseline at any given point. When dissected through the lens of short-term and long-term holders, it provides insights into the cohorts’ investment horizons and their acute effect on Bitcoin’s price.
These cohorts’ 7-day change in realized price provides a much better metric visualization. The 7-day change in realized price for short-term holders reached its three-year high on Mar. 13, at 10.62%. The 7-day change in realized price for long-term holders the same day stood at -0.183%, representing a slight decrease from the previous weeks.
Graph showing the 7-day change in realized price, STH realized price, and LTH realized price from Jan. 1, 2020, to Mar. 20, 2024 (Source: Glassnode)
This divergence between STH and LTH realized prices suggests a robust influx of short-term speculative interest into the market. New market participants w
We współpracy z: https://cryptoslate.com/bitcoin-short-term-holder-realized-price-growth-hits-speed-bump/
