Bitcoin Price Signals Neutral Market Sentiment🤞

CryptoQuant analyst Axel Adler Jr, via BlockBeats, shared insights on Bitcoin’s current market state using the realized supply distribution metric — a key indicator comparing Bitcoin’s current price to the actual investment costs of holders.

BTC

64,630.65

-4.48%

This metric calculates the ratio of Bitcoin's price to its realized supply (i.e., the total value of $BTC based on its last on-chain transfer prices).

At the moment, this ratio sits slightly above the yearly average — a level last seen in November 2024, right before Bitcoin surged from $74,000 to $107,000.

📈 This suggests the market is in a neutral zone — not overbought, not oversold — indicating potential for movement in either direction. #CryptoClause #BTC