Bitcoin realized price at $52.600 while price remains around $63.400

The Bitcoin price is currently trading around $63.400, while the so-called realized price stands at $52.600. Historically, that gap is a signal that the market is in a phase comparable to previous bottoms, such as those seen in 2022 and early 2023. According to a CryptoQuant analysis, the window of opportunity lasts longer than most investors expect, and that is precisely the moment when many people drop out.

Bitcoin is available at OKX and Bybit.

In short:

• The Bitcoin realized price currently stands at $52.600, with the market price at $63.400
• CryptoQuant sees parallels with the bottom phase of 2022 and 2023
• According to analyst DanCoinInvestor, it is precisely now that the majority of the market is leaving

What is the realized price and why does it matter?

The realized price is the average purchase price of all Bitcoin currently in circulation, calculated on the basis of the last time each coin changed hands. It is a measure of the average cost basis of the market as a whole.

When the market price is well above the realized price, the average holder is still making a profit on paper. That is currently the case: with a market price of $63.400 and a realized price of $52.600, there is a margin of more than $10.000 between them.

Pattern resembles the bottom of 2022 and 2023

The chart shared by CryptoQuant shows that the Bitcoin market price previously moved close to the realized price for a prolonged period between mid-2022 and mid-2023. That period is widely regarded as the deepest bottom phase of the previous cycle.

Analyst DanCoinInvestor argues in the analysis that searching for the absolute low is the wrong approach. According to him, the period in which entering the market is historically favourable lasts much longer than investors typically assume, but it is precisely then that most people leave the market.

Whether the current situation truly repeats that pattern is uncertain. The market price now sits considerably further above the realized price than during the deepest phase of 2022 and 2023, which somewhat nuances the comparison. Nevertheless, CryptoQuant sees the current ratio between the two levels as a signal that the buying window may still be open.