{"id":61609,"date":"2025-04-24T07:00:57","date_gmt":"2025-04-24T07:00:57","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61609"},"modified":"2025-04-24T07:00:57","modified_gmt":"2025-04-24T07:00:57","slug":"bitcoin-surpasses-realized-price-of-recent-buyers-rally-incoming-or-double-top","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61609","title":{"rendered":"Bitcoin Surpasses Realized Price Of Recent Buyers \u2014 Rally Incoming Or Double Top?"},"content":{"rendered":"

Recent positive price action has propelled Bitcoin (BTC) above the short-term holders\u2019 realized price<\/a> of $91,000. This development has prompted some crypto analysts to question whether BTC\u2019s newfound strength is sustainable \u2013 or merely a bull trap ahead of a major pullback.<\/p>\n

Is Bitcoin About To Rally Or Will It Double Top?<\/h2>\n

US President Donald Trump\u2019s recent statement<\/a> that tariffs on China will be \u201csubstantially\u201d lower than the proposed 145% provided a boost to risk-on assets. Both equity and crypto markets responded positively, with BTC up 5.6% over the past 24 hours.<\/p>\n

Bitcoin is currently trading in the low $90,000s for the first time since March, renewing hopes for an extended rally<\/a> that could push it past the $100,000 mark. However, CryptoQuant contributor Avocado_onchain urges caution.<\/p>\n

In a recent CryptoQuant Quicktake post, the on-chain analyst provided insights into the behavior of the 1\u20133 month holder cohort. This group typically enters the market during bullish phases and tends to hold their BTC through price corrections.<\/p>\n

The analyst shared the following chart, illustrating how these short-term participants often transition into the 3\u20136 month holding category \u2013 highlighted with a yellow arrow \u2013 during extended drawdowns. Conversely, during strong rallies \u2013 highlighted with a green arrow \u2013 this group tends to take profits by selling to new market entrants.<\/p>\n

As the market nears the final stages of a rally \u2013 highlighted with a red circle \u2013 this cohort usually grows significantly in size. When a drawdown begins, these short-term holders often exit the market as prices approach their realized cost basis.<\/p>\n

Avocado_onchain also shared another chart showing how the peaks of previous BTC halving cycles have consistently surpassed the average realized price of 1\u20133 month holders.<\/p>\n

Further, the analyst warned that the current market cycle may mirror the double top formation witnessed in 2021. They added:<\/p>\n

When Bitcoin hit its all-time high of $109,000 in January 2025, it significantly exceeded this realized price level, suggesting that may have been the first top of a potential double top formation. Hence, rather than chasing the rally, it may be wiser for current holders to adopt a more cautious approach.<\/p>\n

Macro Headwinds Could Derail BTC Momentum<\/h2>\n

The analyst further cautioned that limited market liquidity and macroeconomic factors \u2013 such as US-China tariff tensions \u2013 could weigh heavily on risk-on assets like BTC. That said, market sentiment can shift rapidly, and the entry of fresh liquidity<\/a> could reignite a full-scale bull market.<\/p>\n

Meanwhile, crypto analyst Xanrox recently warned<\/a> that BTC\u2019s breakout from a falling wedge pattern may be a whale-driven trap designed to lure retail investors before another leg down. At press time, Bitcoin is trading at $93,754, up 5.6% in the past 24 hours.<\/p>","protected":false},"excerpt":{"rendered":"

Recent positive price action has propelled Bitcoin (BTC) above the short-term holders\u2019 realized price of $91,000. This development has prompted some crypto analysts to question whether BTC\u2019s newfound strength is sustainable \u2013 or merely a bull trap ahead of a major pullback. Is Bitcoin About To Rally Or Will It Double Top? US President Donald […]<\/p>\n","protected":false},"author":0,"featured_media":61610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61609"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61609"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/61610"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}