Data shows Bitcoin is now approaching another retest of the realized price, will the bulls be able to blow through the resistance this time? Bitcoin’s Recent Upwards Momentum Has Brought It Near Realized Price Again As pointed out by an analyst in a CryptoQuant post, BTC has spent a total of 138 days under the realized price so far since the June of this year. Before we look at the data for the Bitcoin realized price, it’s best if a basic understanding of the “realized cap” is attained first. The realized cap is calculated by multiplying each coin in the circulating supply with the price at which the particular coin was last moved or sold at, and then taking the sum for the entire supply. This is different from the usual market cap, which doesn’t weigh each coin separately like this, and simply multiplies the entire supply with the current BTC price. Related Reading: Bitcoin Whales Who Bought 1 Month Ago Hold Strong Despite Chance To Take Profit Now, if the market cap is divided by the total number of coins in circulation, we obviously get back the BTC price. Much in the same way, a “realized price” can also be derived from the realized cap. The significance of the realized price is that it’s the cost-basis of the average investor in the Bitcoin market. Here is a chart that shows how the normal price has compared with this one during the last six months: Looks like the two metric...
