Bitcoin’s LTH-Realized Price, a Glassnode metric tracking the average cost basis of long-term holders, has climbed to 49,700. According to the source article, the figure has risen by nearly 10,000 points since February and is now moving closer to two other on-chain valuation benchmarks: Realized Price at 53,457 and Cointime Price at 51,868.
LTH cost basis keeps trending higher
LTH-RP is widely used in on-chain analysis as a way to estimate the average entry price of Bitcoin’s long-term holders. In the article, analyst Mr. Beggar describes it as one of his four deep-bear-market bottom-fishing models and says it has maintained a 100% bottom-catching record so far.
What sets the metric apart, based on the article, is its faster upward movement compared with the other models. With the latest reading at 49,700, the gap between LTH-RP and the two other valuation lines has narrowed. The numbers are now much closer than before.
Attention shifts to a possible three-model convergence
The article argues that if Bitcoin sees one more sharp shakeout, LTH-RP could converge with Realized Price and Cointime Price. That overlap is described as a “resonance” zone. In this setup, the focus is not on one indicator alone but on whether all three valuation models compress into the same range.
Mr. Beggar’s view is that if the three lines converge and BTC then falls below that shared level, the market may be entering a genuine cyclical bottom area. The point of the framework is to identify deeper valuation support through on-chain cost data rather than rely only on short-term price action.
Cycle-bottom signal depends on the model overlap
The analysis is centered on bottom identification, not a near-term trading call. The three key values cited in the article are 49,700, 53,457, and 51,868, and the spread between them is shrinking. If that distance continues to compress, the convergence of the three models could become a closely watched reference for Bitcoin’s cycle low.
The original article also states that the content is for reference only and does not constitute investment advice.