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Analyst: Bitcoin Currently in Neutral Zone Neither Overbought Nor Oversold
Summary: According to CryptoQuant analyst Axel Adler Jr, the Bitcoin price is currently indicated by the realized supply distribution, which shows the expensiveness of Bitcoin relative to the actual investment cost of all holders. Realized supply refers to the total dollar value corresponding to the price of all Bitcoins at the last on-chain transfer. The calculation ...
According to CryptoQuant analyst Axel Adler Jr, the Bitcoin price is currently indicated by the realized supply distribution, which shows the expensiveness of Bitcoin relative to the actual investment cost of all holders. Realized supply refers to the total dollar value corresponding to the price of all Bitcoins at the last on-chain transfer.
The calculation formula is: Bitcoin price / realized supply = Ratio.
Currently, the Bitcoin price is slightly above the annual average ratio level (similar to November 2024, when the ratio was at this level and Bitcoin subsequently rose from $74,000 to $107,000). This means that Bitcoin is currently neither overbought nor oversold - the market is in a neutral zone.
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Link: Analyst: Bitcoin Currently in Neutral Zone Neither Overbought Nor Oversold [Copy]
