The post How Close Is Bitcoin To A Bear Market? This Historical Level May Contain Hints appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. A Bitcoin on-chain level has historically served as the boundary for bear markets. Here’s how far the asset’s price is currently from this line. Bitcoin Is Above Realized Price Of All Major Cohorts Right Now In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed where the Realized Price currently stands for some of the important Bitcoin investor groups. The “Realized Price” here refers to an on-chain indicator that keeps track of the cost basis of the average investor on the BTC network. When the spot price is above this metric, it means the holders as a whole are in a state of profit, while it being under the indicator suggests the dominance of loss. Related Reading Now, here is the chart for the indicator shared by Young Ju, which shows the trend in its value for four Bitcoin cohorts: The price of the coin appears to be trading above these levels at the moment | Source: @ki_young_ju on X As is visible in the above graph, Bitcoin is above the Realized Price of all of these groups right now, so their members would all be sitting on some unrealized gains. Historically, the average cost basis of these cohorts has held some significance for the cryptocurrency. From the chart, it’s apparent that the price has generally followed a bullish trajectory whenever it has been above the Realized Price of the New Whales (colored in orange). The New Whales, also called the Short-Term Holder Whales, refer to the BTC investors who purchased their coins within the past 155 days and are holding more than 1,000 BTC. The Realized Price currently stands at $89,300 for this cohort, which means BTC could be at risk of retesting it in the near…

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Filed under: News - @ February 19, 2025 10:23 pm