$BTC 50-Day MA of Realized Price 📊 📝 Smoothing aggregate cost basis noise shows #Bitcoin holding in structural profit. The ratio currently sits at 1.34 inside the neutral gray zone. 📍 With BTC consolidating near $77K, valuation remains well below the overheated 3.0 threshold historically seen at cycle blow-off peaks. 💡 Staying above the 1.0 baseline confirms foundational cycle support remains intact despite heavy resistance near $80K.