The Bitcoin Layer
Bitcoin Is In A Classic BULL MARKET with Checkmate
May 23, 2024
Bitcoin on-chain analyst James Check (Checkmate) discusses realized price, MVRV, and bitcoin market analysis. He presents on-chain charts signaling a classic bull market. Nik shares bullish thoughts on bitcoin's maturation.
46:53
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Quick takeaways
- Realized price assigns cost basis to moving coins, crucial for on-chain market cap analysis.
- MVRV ratio indicates market sentiment and participant profit margins, offering insights into market health.
Deep dives
Understanding Realized Price and Its Importance
Realized price, based on price stamping, assigns a cost basis to each coin that moves on-chain. It is considered a fundamental metric to comprehend the on-chain market cap. The Realized cap represents the wealth saved in Bitcoin by measuring capital invested and saved in the asset. Price stamping assigns a cost basis to every moving coin, offering a clean signal in aggregate.
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