Bitcoin Stalls Near $75K As Traders Move Coins To Exchanges
A key price level is giving Bitcoin trouble — and on-chain data may explain why. Related Reading: XRP Moves Into ‘Scarce Zone’ As Exchange Supply Dries Up Realized Price Puts A Ceiling On The Rally The $75,000 mark is not just a round number for Bitcoin traders. It sits at the lower band of what analysts call the “traders’ on-chain Realized Price” — a metric that tracks the average price at which active market participants last moved their coins. According to CryptoQuant head of research Julio Moreno, that band has historically acted as a ceiling during bear markets, and it appears to be doing the same thing now
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