$BTC Falters Near Record High, But On-Chain Signals Stay Bullish

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Despite a brief pullback near its all-time high, Bitcoin’s on-chain metrics tell a different story. The ‘Realized Price’—tracking the average BTC withdrawal price from exchanges—shows:

🔻 Signs of capitulation — Weak hands may have exited

🔄 Shift toward recovery — Indicating renewed confidence

🧠 Smart money accumulating — Investors are positioning early

Note: These patterns often precede a strong recovery. Momentum might be quietly building beneath the surface.

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