I've noticed an interesting thing with Bitcoin lately. It turns out that the crossover of realized prices between short-term and long-term holders is a really powerful signal for understanding where the market is in its cycle. Historically, when the short-term holder price drops below the long-term holder price, it usually indicates capitulation and the end of a bearish trend. And when it recovers above, a new bullish cycle begins. This was evident in 2015, 2018, and 2022. Currently, Bitcoin is trading around 78K, and the realized price of short-term holders is approaching critical levels. If we trust this indicator, we might be close to some significant market shift. Many traders rely on this metric to catch reversals. It's worth keeping this in focus, considering all the macroeconomic factors currently influencing crypto.