Bitcoin market sentiment shift – Realized price metrics show transition from bear to bull market

Quick Take

• CryptoSlate research team has been thoroughly analyzing specific metrics that can allow us to see a transition between bear and bull markets.
• The short-term holder realized price has now flipped long-term holder realized price for the first time since May 2019.
• STH RP: $21,742
• LTH RP: $21,334
• According to this metric, this bear market has ended — which was a total of 191 days this cycle.
• In Bitcoin history, this adds up to a total of 906 days.
• 2012: 239 days
  2015: 334 days
  2019: 145 days
  2023: 191 days

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