Bitcoin’s subsequent bull catalyst: realized value flipping in June, simply $800 from long-term holder threshold

by Jeremy

Fast Take

  • CryptoSlate has extensively lined the realized value and value foundation of cohorts all through the bear market, and we’re trying on the transition of a bull market.
  • The following bullish Bitcoin catalyst is for the realized value to get above Lengthy Time period Holder realized value — which is now lower than an $800 distinction.

Realized Worth: $20,129

Lengthy-Time period Holder Realized Worth: $20,845

  • Apparently sufficient, every time this flipping has occurred has occurred primarily in June.

August 2012 (Halving November 2012)

June 2016 (Halving July 2016)

June 2019 (Halving Could 2020)

June 2023? (Halving March/April 2024)

The present Bitcoin cycle is all on schedule.

Cost Basis Cohorts: (Source: Glassnode)
Value Foundation Cohorts: (Supply: Glassnode)

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