⚖️ Realized cap vs market — where is the "fair" base

Realized capitalization prices each coin by the price of its last movement — this is the market’s averaged base. When the market price falls toward realized, I view it as a zone where the average holder is getting out to zero — the buyer’s historical area of interest.

For $BTC , it’s not a magnet or a target, but a guide by the structure of value. I don’t buy "because it’s cheap relative to realized" — I wait for confirmation from price: a reaction, holding the zone, a change in the character of movement, a proper R:R.

If price breaks through the base and settles below it — it’s no longer support, but a broken level, and the background turns bearish. The metric sets the context, the entry gives you the chart.

⚠️ My view, not financial advice. NFA, DYOR.

#Bitcoin #BTC #MarketAnalysis #Trading

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