Bitcoin Near ‘Euphoria’ Boundary: What Happens After A Breach?

On-chain data shows Bitcoin is trading near a level that has historically acted as the boundary for the ‘euphoria’ phase of the market.
Bitcoin Is Not Far From This Long-Term Holder Cost Basis Level
According to the latest weekly report from Glassnode, BTC’s recent consolidation has been near the historical boundary between the ‘equilibrium’ and ‘euphoria’ phases of the bull market.The level in question multiplies the Realized Price for the long-term hol