Quick
Take

The
Realized
Price
metric
offers
a
comprehensive
overview
of
the
average
on-chain
acquisition
price
for
the
entire
Bitcoin
circulating
supply.
By
analyzing
Short-Term
and
Long-Term
Holder
heuristics,
we
can
determine
the
realized
price
for
different
investor
cohorts.

For
the
entire
coin
supply,
the
Realized
Price
denotes
the
aggregate
on-chain
acquisition
price.
For

Short-Term
Holders
(STH),
the
Realized
Price
reflects
the
average
acquisition
price
for
coins
moved
within
the
last
155
days
and
held
outside
exchange
reserves.
These
coins
are
the
most
likely
to
be
spent
soon.
Conversely,

 

Long-Term
Holders
(LTH)
represent
coins
not
moved
within
the
last
155
days,
indicating
the
least
probable
coins
to
be
spent.

Data
from
Glassnode
shows
that
the
STH
Realized
Price
has
been
steadily
increasing,
nearing
$64,000,
indicative
of
Bitcoin’s
ongoing
uptrend
in
the
past
18
months.
According
to

CryptoSlate,
this
metric
provides

crucial
support,
with
Bitcoin
testing
this
level
at
the
start
of
May.
The
STH
Realized
Price
rose
1.5%
in
the
past
week,
signaling
increased
short-term
speculation.

Notably,
this
metric
spiked
by
11%
in
March
during
Bitcoin

all-time
high
over
seven
days,
the
highest
since
February
2021.
The
1.5%
increase
indicates
reduced
market
speculation
compared
to
March,
while
Bitcoin
consolidates
below
$70,000.

 

Additionally,

CryptoSlate
reported
that
the
overall

realized
price
recently
surpassed
$30,000,
indicating
investors
exchanging
Bitcoin
at
higher
prices.