Bitcoin's (BTC) year-to-date rally of 63% may be the first milestone in its upward journey.
That's the message from bitcoin's realized price, which appears on track to exceed the realized price of long-term holders. Historically, this so-called bull cross has marked the end of bear markets and the onset of major price rallies.
Bitcoin's realized price is the average value of bitcoin supply calculated at the price at which coins were last moved on-chain. The long-term holder (LTH) realized price reflects the average on-chain acquisition price for coins held outside centralized exchanges and not moved for at least 155 day
s.
