A chart presented by Blockware Solutions in their weekly newsletter citing Glassnode data suggests that Bitcoin's Realized Price, which is the average price at which each coin last moved, is about to cross above the Realized Price of Long-term Holders. The Realized Price of Long-term Holders is defined as coins that haven't moved in at least 155 days and sit outside of major centralized cryptocurrency exchanges. The past three times the Realized Price crossed above the Realized Price of Longer-term Hodlers after a prolonged spell below it, Bitcoin went on to post a parabolic rally in the subsequent few years. This indicator will soon likely join a growing list of technical and on-chain indicators suggesting a new Bitcoin bull market is here.
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