Bitcoin’s price has surged from ~$60,000 to ~$100,000 in recent months, pushing the Realized Price from ~$31,000–$32,000 to ~$37,000. This gradual increase highlights several key insights:
1- Capital Inflows: Higher Realized Price reflects new participants entering the market at elevated levels, signaling growing confidence in Bitcoin.
2- Stronger Cost Basis: The rising average acquisition cost strengthens market support during corrections.
3- Reduced Selling Pressure: Long-term holders appear to be holding, reducing sell-side liquidity.
While the widening gap between Market Price and Realized Price might signal short-term overheating, history shows that similar gaps occurred during previous bull runs without halting price growth.
The gradual rise in Realized Price reflects stronger cost basis and sustained confidence, but cautious monitoring is advised to gauge the sustainability of this rally.
Written by Grizzly
