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Bitcoin Realized Return is positive (green) for the 5th month in a row. Average cost price of May sellers was $24.6k

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#bitcoin 💜

Already in bullrun. But as i said before. Fiat price already doesn't matter.

Fiat price certainly matters because fiat is (still) the denominator. Fiat price is the best gauge of adoption imo.

So basically May sellers on average selling at a small profit? Weak hands

Or new bitcoiners who are testing if profits are real and how the selling process works.