Bitcoin Now Under Realized Price For 163 Days, Here’s How This Compares Historically

On-chain data shows Bitcoin has now been below its realized price for 163 days in this bear market; here’s how this compares with previous cycles.
Bitcoin Realized Price Is Currently Valued At Around $19,900
According to CryptoQuant’s year-end dashboard release, the bear market would be over if BTC reclaims this level. To understand what the “realized price” is, the “realized cap” must be looked at first. The realized cap is a capitalization model for Bitcoin