business
Bitcoin caught between critical onchain support and an options showdown
Key takeaways
- The realized price is the average onchain acquisition cost of all bitcoin that last moved within a specific year.
- In February, when bitcoin plunged to nearly $60,000, the market found support close to the 2023 realized price, reinforcing the growing importance of these cohort cost-basis levels in shaping market structure.
- This weekend, the largest cryptocurrency briefly dropped to $74,500 before rebounding from its 128-day moving average, another closely watched technical level.
The realized price is the average onchain acquisition cost of all bitcoin that last moved within a specific year. In other words, it reflects the aggregate cost basis of market participants from 2026, and some market participants see it as a more meaningful gauge than traditional psychological support or resistance price levels.
In February, when bitcoin plunged to nearly $60,000, the market found support close to the 2023 realized price, reinforcing the growing importance of these cohort cost-basis levels in shaping market structure.
This weekend, the largest cryptocurrency briefly dropped to $74,500 before rebounding from its 128-day moving average, another closely watched technical level.
Article preview — originally published by CoinDesk. Full story at the source.
Read full story on CoinDesk →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from CoinDesk alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop