Bitcoin, while retesting a historically significant support level, has investors and market observers focusing on this critical point. Bitcoin’s price recently experienced a significant drop, falling to $64,000. Falling below this level is associated with Bitcoin’s market value dropping below the “Realized Price” of short-term holders (STHs), an important on-chain metric. The Realized Price represents the average purchase cost of Bitcoin, indicating whether investors are currently in profit or loss.
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