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With spot trading at $71.8K, here’s how price compares to key on-chain levels:
🟡 Active Investors Mean: $85K
🔴 STH Cost Basis: $81.3K
🟢 True Market Mean: $78K
--- Spot: $72.5K ---
🔵 Realized Price: $54.2K
Interpretation:
* Price is trading below key cost bases, keeping short-term pressure intact
* Still well above Realized Price → no full macro capitulation
* Market remains in a recovery / re-accumulation phase under resistance
$BTC #GateLaunchesPreIPOS #GateSquareAprilPostingChallenge #CryptoMarketRecovery