Bitcoin's latest price decline has narrowed the gap between its spot price and the on-chain realized price to less than 10%. Historically, this threshold has coincided with the bottoming phase of Bitcoin's prior bear markets, including the 2018–2019 and 2022 cycles.
The realized price, which reflects the average acquisition cost of all coins, currently stands at approximately $XX (sample placeholder). A further drop of roughly $5,000 would bring Bitcoin's market price to that line. According to market analysts, this proximity could signal the best entry point of the bear market. Traders are watching closely for a potential bounce or further downside confirmation.
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