According to the data, Bitcoin (BTC) may be positioned at a level that can be defined as a bottom price before a long-term rise.
On-chain analytics firm Glassnode suggests we’re close on a new Bitcoin rally remarkable data. presented. In this graphically visualized data, Bitcoin’s momentary for the pricethe average purchase cost of Bitcoin (actualized price) And to the realized price of long-term investors (LTH) place was given.
Especially the critical difference between the realized price and the LTH realized price. focused on intersection chart, after similar crossovers in previous periods noticeable price increase also emphasized. Long-term investors, 155 day or for longer It represents the accounts holding.
Looking at the chart, it represents the realized price. of the blue line LTH showing the realized price in many cases above the green line in bitcoin price a rally observed. Still on the chart exceptions Although analysts are in a similar position, bottom zone is thought to be.
Glassnode, which has come to the fore with a similar data in the past days, has long-term investors That you bought the dips in Bitcoin had underlined.
According to CoinGecko data, in the last week 2.3% declining Bitcoin, at the time of writing from $26,971 is being traded.
