Bitcoin hasn’t even touched its Realized Price yet.For those unfamiliar, Bitcoin’s Realized Price is essentially the average cost basis of all circulating BTC.
Historically, breaking below the Realized Price has been a major capitulation event forcing most of holders to exit.
4/4 so far. Almost a 100% hit rate.
The bottom isn’t in yet. Rektober is coming...
This pump looks more like a short squeeze, a move designed to grab attention, pull in liquidity, and get people bullish on crypto again.
