@dmredacted
In a negative scenario, one metric becomes the absolute baseline: Realized Price.
Simply put, this is the average cost basis of every Bitcoin on the network.
History gives us two clear signals of statistical anomalies:
– $BTC in 2022: Trading below $22k was a deviation below the market's average entry.
– $ETH in April 2025: When it dipped below its realized price of $1,950, it proved to be the cycle's best asymmetric entry just months later.
I am not saying price must revisit these levels. Data requires preparation, not prediction.
Right now, the Realized Price for Bitcoin sits at ~$55,500.
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