Ever heard of the "Realized Price" vs. "Market Price" gap? In our current market, Bitcoin’s realized price (the average price at which all coins last moved) sits near $56,000, while the spot price is roughly $87,800.
This gap represents the "unrealized profit" still held by the network. When this gap narrows during a correction—like the one we’ve seen this December—it often signals a transition from "euphoria" to "value." Right now, short-term holders are underwater (cost basis ~$99k), but the "True Market Average" remains healthy at $81k. Understanding these on-chain levels helps you ignore the red candles and focus on the floor.
Lesson: Realized Price acts as the ultimate "gravity" for the market. When spot price sits significantly above it but stays supported by the "Active Investor" average, the macro uptrend is technically intact, even if the daily charts look sluggish.
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$BTC
{spot}(BTCUSDT)
{future}(BTCUSDT)
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