Bitcoin Realized Prices Surge to New Highs as Smart Money Doubles Down

Bitcoin's realized price metric just punched through another resistance level—turns out 'dumb money' isn't the only thing flooding into crypto these days.
Whales feast while retail hesitates
On-chain data shows accumulation patterns mirroring early 2021, but with one key difference: this time it's institutional wallets loading up, not just Elon Musk fanboys. The realized price surge suggests deep-pocketed investors are positioning for what comes after the halving—whether that's glory or another 'number go up' illusion.
The cynical take
Wall Street always gets the timing right: just late enough to claim they 'believed all along,' but early enough to dump bags on retail. This cycle? They're not even pretending to wait.