1. Significance of $45k:
The $45k mark is pivotal for Bitcoin, representing the cost basis for investors who acquired Bitcoin 2 to 3 years ago.
2. Investor Cohort Impact:
This cohort, holding 16% of the #BTC Bitcoin supply, plays a significant role in the market dynamics.
3. Realized Cap Impact:
Investors at the $45k threshold represent 33% of the Realized Cap, underscoring their influence on the market.
This convergence at $45k marks a crucial juncture for medium-term Bitcoin holders, shaping the narrative and potential future market trends.
