Quick Take
- CryptoSlate has extensively covered the realized price and cost basis of cohorts throughout the bear market, and we are looking at the transition of a bull market.
- The next bullish Bitcoin catalyst is for the realized price to get above Long Term Holder realized price — which is now less than an $800 difference.
Realized Price: $20,129
Long-Term Holder Realized Price: $20,845
- Interestingly enough, each time this flipping has occurred has happened mainly in June.
August 2012 (Halving November 2012)
June 2016 (Halving July 2016)
June 2019 (Halving May 2020)
June 2023? (Halving March/April 2024)
The current Bitcoin cycle is all on schedule.
The post Bitcoin’s next bull catalyst: realized price flipping in June, just $800 from long-term holder threshold appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoins-next-bull-catalyst-realized-price-flipping-in-june-just-800-from-long-term-holder-threshold/