Here’s Why $22,400 Could Be The Next Major Level To Break For Bitcoin

Here’s Why $22,400 Could Be The Next Major Level To Break For Bitcoin


As Bitcoin continues its strong rally, $22,400 could be the level to watch next, if this on-chain metric is anything to go by.

Bitcoin Long-Term Holder Realized Price Is Currently Around $22,400

According to the latest weekly report from Glassnode, BTC broke through all three realized prices of the market back in April 2019. To understand the concept of “realized price,” the realized cap needs to be looked at first. The realized cap is a capitalization model for BTC that values each coin in circulation at the price it was last transacted.

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This is different from the usual market cap, which puts the value of all tokens at the same current price of Bitcoin. When the market cap is divided by the total number of

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