A #bitcoin dip down to it's realized price (average on-chain cost basis) is entirely possible and has been consistent with previous market bottoms in bear market cycles.
Realized price is $24.3k at the moment.
About $1.1B of Positions Gets Liquidated Due to #BTC Drop Below $30,000
- $315M on #OKX
- $268M on #Binance
- $178M on #FTX
- $144M on #Bitfinex
- $106M on #Bybit