A recent analysis by CryptoQuant analyst tugbachain sheds light on an important aspect of Bitcoin market behaviour — the UTXO Realized Price Age Distribution.
This metric plays a significant role in understanding the holding patterns of different investor groups and the market’s response to price fluctuations. The realized price, calculated as the Realized Cap divided by the total supply, is pivotal for identifying cost bases among long-term holders and recent buyers.
According to tugbachain, the realized price levels for one-month and three-month periods often serve as critical zones during bull market corrections.
These levels provide a lens through which market sentiment, especially among smaller investors, can be analyzed, offering insights into the underlying
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