Summary
- Glassnode announced that the realized price of Bitcoin long-term holders has reached $45,340.
- The rise in realized price can strengthen Bitcoin's selling resistance.
- Currently, Bitcoin is trading at $103,803 on the Binance USDT market.
An analysis has emerged that the realized price of long-term holders (holding for more than 155 days) of Bitcoin (BTC) is rising.
On the 14th (local time), Glassnode announced on X (formerly Twitter) that "the realized price of Bitcoin long-term holders has reached $45,340," stating that "investors who held Bitcoin at $90,000 to $100,000 have transitioned to long-term holders."
Meanwhile, the realized price of Bitcoin is the average purchase price of all investors, and as investors' purchase prices increase, Bitcoin's selling resistance also strengthens.
As of 10:55 PM, Bitcoin is trading at $103,803 on the Binance USDT market, up 0.10% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
