📰 【Grayscale Research Director: If Bitcoin Rises in the Coming Days, It Could Signal the Start of the First Phase of a Bull Market】

BlockBeats News, April 22, Grayscale Research Director Zach Pandl released a report stating that Bitcoin's price hit a low of about $63,000 around February 5, and has since rebounded over 20%, currently around $76,000—slightly above the recent average cost basis for buyers. Because the Bitcoin blockchain is fully transparent, every transaction's cost basis can be tracked. Analysts often focus on a metric called "Realized Price," which is the weighted average price of all circulating coins at their last on-chain transfer. Bitcoin traded within the last 1 to 3 months has a realized price of about $74,000, meaning recent buyers have...
That guy at Grayscale is starting to preach again! Still talking about the first phase of a bull market? Damn it, $BTC has been hesitating at this level for so long, day after day drawing pie-in-the-sky predictions! What realized price, cost basis, all these fancy data—whether the market maker is shaking out or consolidating! Listening to these analysts chatter, it's better to look at the market for real money pushing the price! Everyone, keep a close eye, don’t be fooled by these “signals”! 👇👇👇👇👇