Bitcoin’s $78K Realized Price Emerges as Make-or-Break Level for Market Recovery

TLDR: Bitcoin currently trades below $78K, the realized price representing active addresses’ cost basis.  Holding below this level places frequent traders underwater, shifting behavior from buying to selling.  Sustained reclaim above $78K would return active participants to profit and reduce supply pressure.  Failure to break resistance increases the probability of decline toward $50K long-term holder [...]

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