Quick Take
Bitcoin is experiencing a bullish breakout, indicated by the realized price, the average cost at which all existing Bitcoins were last moved, surpassing the realized price for long-term holders (LTHs). The realized price now stands at $20,796, slightly above the LTH realized price of $20,725.
The LTH realized price represents the average acquisition cost of Bitcoins that have been inactive for at least 155 days and are not stored in exchange reserves, signifying coins that are less likely to be sold in the short term.
Type
Realized Price
LTH Realized Price
$20,725
Realized Price
$20,796
STH Realized Price
$29,739
Table showing the difference between the realized price for long-term holders, short-term holders, and the total supply on Nov. 10, 2023 (Source: Glassnode)
The previous struggle between these two levels, evident in July’s data, failed to culminate in a breakout. Market watchers are now keenly waiting for a sustained breakout and an uptrend in realized prices.
Fur
We współpracy z: https://cryptoslate.com/insights/bullish-signal-for-bitcoin-as-realized-price-outpaces-long-term-holder-cost/
