Potential Bitcoin bull run predicted by closing gap between realized and long-term holder prices

Quick Take

The Bitcoin market is currently exhibiting signs of a potential bull run, as evidenced by the dynamics of the realized prices among different investor cohorts.

The realized price, reflecting the aggregate price at which each Bitcoin was last spent on-chain, currently stands at $20,638. This is only $100 shy of the Long-Term Holder (LTH) realized price – the average on-chain acquisition price for coins that have not moved within the last 155 days, which is $20,744.