• On the $5K Renko chart, the last time this Realized Price (a price smoothed by on-chain data - UTXO Age Band) closed below (4) its most recent higher low (2), after an ATH in raw price (3) and two years since the last halving (1), was in May 2022.

• If you want to know technically why this Realized Price is displayed using Renko Chart, check the link below ↓

Written by _OnChain