Research | 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…