Research | Bitcoin network value at all-time high based on average price paid per BTC

Bitcoin network value at all-time high based on average price paid per BTC

By Mitchell Moos@MitchellMoos • 4 min read

The value of the Bitcoin network is at all-time highs based on the average price holders paid for their coins. The metric used, realized market capitalization, is also a surprisingly effective indicator for predicting BTC market tops and bottoms.

Issues with market capitalization

Market capitalization gives a s…

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