New analysis suggests Bitcoin may be undervalued based on its realized supply ratio. This metric reveals a potential buying opportunity as the ratio dips below a key threshold, historically signaling local bottoms during market fluctuations. 30-day SMA (Simple Moving Average) data offers insights into this relationship. Past instances of this pattern have led to significant Bitcoin price rebounds following periods of stress, such as the COVID-19 market crash and China’s mining ban. While no guarantees exist for future movements, these historical signals offer promising clues for potential investor action. The chart visually demonstrates how Bitcoin’s price relates to its “realized supply.” A drop in the 30-day SMA (purple line) below a key threshold often indicates a potential buying opportunity. The recent dip into this range could signify a turning point in market conditions, potentially prompting further growth for Bitcoin.