One Number Tells You Which of These Three Is Actually Cheap Here's a clean way to cut through the noise on Bitcoin, Ethereum, and XRP at once. Compare each to its realized price, basically the average cost basis of everyone holding it. That single number tells you who's underwater and who isn't, and the answer surprised me a little. $ETH is the standout. It trades near $1,900 against a realized price of about $2,450. That means the entire market, on average, is holding at a loss. Painful, yes, but it's also the only one of the three that has already capitulated on paper. Bitcoin sits about 17% above its cost basis, and XRP trades near $1.10 against roughly $0.75. So despite XRP's brutal slide from $2.40, holders are collectively still in profit. That reframes the whole "XRP is beaten down" narrative I keep hearing. Personally, this is why I keep watching accumulation on XRP but stay patient. Whales are quietly absorbing supply, but the crowd isn't underwater enough to mark a classic bottom yet. Cheap in price and cheap in value are different. By cost basis, ETH is the one that already hit the reset. 👀 #Altcoin Season# #Ethereum