Past trend of the Bitcoin actual/realized price ratio may be forming a pattern that could hint at a possible bottom for the crypto at $17k.
Bitcoin Actual/Realized Price Ratio Currently Has A Value Of 0.8
As pointed out by an analyst in a CryptoQuant post, historical data of this BTC ratio may have interesting implications for the current market.
The realized cap is a capitalization model for Bitcoin that multiplies each coin in the circulating supply with the price at which the coin was last moved and takes the sum of all the values. This is different from the usual market cap, where the entire supply is simply multiplied by the current price of BTC to get the capitalization.
Now, from this realized cap, a “realized price” can also be obtained by dividing the metric with the total amount of coins in circulation.
Related Reading | New Bitcoin Record Paints Incredibly Bearish Picture As BTC Struggles At $19,000
The “actual/realized price ratio” is, therefore, an indica ..
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