Bitcoin Now Trading 24% Below Realized Price, How Deeper Can It Go?

On-chain data shows Bitcoin is now trading 24% below the realized price, here’s how much deeper the crypto went during historical cycles.
Bitcoin Has So Far Declined 24% Under The Realized Price
As pointed out by an analyst in a CryptoQuant post, drawdowns below the realized price have been shrinking with each cycle.
A popular capitalization model for Bitcoin is the “realized cap,” which measures the cap by weighting each coin in the circulating supply against the price at whic