Bitcoin declined by 1.83% in the past week pushing its market price to below $97,000. Despite this loss, market sentiments on premier cryptocurrency remain highly bullish amidst a 61% price gain that stretches to early October. However, Bitcoin’s impressive ascent to new points over the past few weeks has resulted in potentially bearish market developments. Related Reading: Bitcoin Price Bounces Back: Will the Climb Continue? Bitcoin Realized Price Up ‘Only’ $37,000 Amidst Charge To $100,000 In a Quicktake post on CryptoQuant, an analyst with username Grizzly shared an intriguing insight on Bitcoin’s realized price following the asset’s recent price surge. According to Grizzly, as Bitcoin moved from $60,000 to almost $100,000 in the past two months, its realized price only rose from $31,000-$32,000 to $37,000 indicating a widening gap between both values which produces multiple implications. For context, realized price means the average price at which all Bitcoin in circulation was purchased, effectively representing the aggregate cost basis of all holders. It is often applied in investor behavior analysis as well as identifying market cycles. A rise in realized price is generally ..
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