CryptoQuant Flags $54,000 as Bitcoin's Realized-Price Oversold Threshold

CryptoQuant's realized price model points to the $54,000 area as a level where Bitcoin becomes statistically cheap versus the market's average on-chain cost basis. BTC is trading in the mid-$60,000 range and remains roughly $10,000 above that baseline, suggesting capitulation may still be early. The analysis argues accumulation typically strengthens once price compresses into or below realized price for long enough to flush remaining optimism.