Bitcoin Crashes To $64,000: Will This Historical Support Hold?
On-chain data shows Bitcoin is retesting a historically significant support level after the latest plunge in the asset’s price has gone through.
Bitcoin Is Currently Retesting The Short-Term Holder Realized Price
As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has returned to the Realized Price of the short-term holders with its drawdown.
The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the acquisition price or cost basis of the average investor in the Bitcoin sector.
