#البيتكوين is still below the realized price of Bitcoin UTXO slices
$BTC whose age ranges between 18 months and two years.
This means that the current Bitcoin price is below the average price of Bitcoin slices (
#UTXOs ) that have not moved since 18 months to two years.
In other words:
Investors who bought Bitcoin 18–24 months ago are currently facing an unrealized loss.
Historically, this group entering loss can reflect market weakness or a stage of capitulation by some investors, but it does not necessarily mean the decline will continue.