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Bitcoin market sentiment shift – Realized price metrics show transition from bear to bull market

  • March 31, 2023
  • Posted by: admin
  • Category: BitCoin, Blockchain, Cryptocurrency, Investments
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Quick Take

  • CryptoSlate research team has been thoroughly analyzing specific metrics that can allow us to see a transition between bear and bull markets.
  • The short-term holder realized price has now flipped long-term holder realized price for the first time since May 2019.
  • STH RP: $21,742
  • LTH RP: $21,334
  • According to this metric, this bear market has ended — which was a total of 191 days this cycle.
  • In Bitcoin history, this adds up to a total of 906 days.
  • 2012: 239 days
    2015: 334 days
    2019: 145 days
    2023: 191 days
Cost Basis Cohorts: (Source: Glassnode)
Cost Basis Cohorts: (Source: Glassnode)
Cost Basis Cohorts: (Source: Glassnode)
Cost Basis Cohorts: (Source: Glassnode)

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