Bitcoin, Record Below Realized Price···"Further Fall Possible"

BTC price falls below the realized price of $69,000
BTC whale wallet flow also turns to net outflow

As the price of fell to $68,000 on the 4th, dropping below the realized price of $69,000, the possibility of further decline in was raised.

The on-chain analysis platform CryptoQuant reported in a report released on the 4th that the realized price of is recorded at $69,352. The realized price of represents the average purchase price of market investors, and is closely related to additional buying pressure or buying pressure in the market.

Previously, on October 20, when the market price of fell below the realized price, the price of plummeted by about 4% in 3 days, falling to $66,611.

is currently hovering around $68,000, having fallen by about 3% as large-scale long betting liquidation occurred in the futures market as former President Trump's approval rating plummeted ahead of the US presidential election.

The on-chain analysis platform IntoTheBlock also expressed the view that a short-term rebound in would be difficult, citing data showing that large wallets have recently shown a selling trend. IntoTheBlock pointed out that the net inflow of whale wallets holding about 0.1% of the circulating supply has decreased sharply last week.

The cryptocurrency media outlet Beincrypto reported on the 4th that "on-chain analysis data such as the realized price of are signaling the potential for a decline in ."