News Flash: Analysis of Realized Bitcoin Prices and Their Impact on the Market

- Realized Bitcoin price is a metric that shows the average price of all Bitcoin transactions in the past, reflecting the average cost to current Bitcoin holders.

- UXTO Age Bands divides these prices into groups based on the length of time Bitcoin has been held, allowing analysis of average costs and investor behavior.

2021 Bull Market Participants:

- The green trend represents 2-3 year old UXTO, indicating investors purchased at the end of the 2021 bull market at an average cost of $49,224.

- Breaking this level could mean a group of investors starting to profit and create selling pressure.

Support Levels for Short Term Investors:

- The purple trend represents 1-3 month old UXTO, indicating investors who purchased Bitcoin in the last 1-3 months at an average cost of $41,919.

- Holding this level is important for investors to limit their losses.

Conclusion and Expectations:

- On-chain data shows that $49,000 is an important resistance level for Bitcoin, the bull market needs to break this level to start.

- However, we can observe a different reaction from investors remaining from the 2021 bull market when this level is exceeded:

1. Selling Pressure: Some investors may sell to realize profits when reaching their cost basis, possibly causing a short-term correction.

2. FOMO: Other investors may start to spread the word and attract more investment, believing that Bitcoin will continue to rise, possibly causing further price increases.

- Surpassing $49,000 could lead to both upward and downward movements, the possibility of this level being a local top should not be ignored.

- It is important for investors to follow these levels closely and manage their investments wisely.