---
title: "Bitcoin is closer to its 'buy zone' than it's been in three years"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281295268.md"
description: "Bitcoin is currently trading 21% above its realized price, indicating that most holders are still in profit. The gap between spot and realized price has decreased significantly from a 120% premium in late 2024 to 21% now, suggesting a rapid compression phase. On-chain indicators show no signs of capitulation or a surge in institutional demand, indicating that a deeper price drawdown towards the realized price of around $54,000 may be necessary to align with previous market cycle bottoms."
datetime: "2026-04-01T03:30:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281295268.md)
  - [en](https://longbridge.com/en/news/281295268.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281295268.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281295268.md) | [繁體中文](https://longbridge.com/zh-HK/news/281295268.md)


# Bitcoin is closer to its 'buy zone' than it's been in three years

-   Bitcoin still trades about 21 percent above its realized price, indicating most holders remain in profit and that on-chain data do not yet signal a classic long-term accumulation zone.
-   The gap between spot and realized price has compressed rapidly from roughly a 120 percent premium in late 2024 to 21 percent now, suggesting a fast-moving compression phase rather than a completed market reset.
-   On-chain indicators show no capitulation event or broad institutional surge in demand, implying that a deeper drawdown toward the realized price near $54,000 may be needed to mirror past cycle bottoms.

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