Bitcoin Realized Price Bands Guide: On-Chain Valuation, Cycle Zones, and Key Signals
Bitcoin Realized Price Bands use on-chain realized cost data and predefined multipliers to map Bitcoin's macro valuation zones across market cycles. By comparing spot price to realized price and its bands, analysts can identify capitulation, accumulation, optimism, and euphoria phases, and study examples from 2015, 2018–2019, 2021, 2022 and 2024. The framework is most often combined with STH SOPR and exchange netflow for long-term risk assessment rather than short-term trading calls.