Bitcoin's realized price at $77,140, $740 below market price

Bitcoin's market price on November 1 stood about $740 above its trader realized price of $77,140, the average acquisition cost of coins moved on-chain over the past 1–3 months, a gap of roughly 0.96% tracked by CryptoQuant. The metric serves as a key cost-basis baseline for short-term holders, and analyst Trader_Gemini noted in a CryptoQuant Quicktake that if price fails to reclaim the baseline after clearly falling below it, the $77,140 level risks flipping into resistance—though a break alone does not confirm such a shift. The narrow spread suggests spot prices remain just above short-term holders' aggregate cost, a zone that has historically influenced whether recent buyers defend or exit positions. Watch whether Bitcoin holds above the trader realized price or confirms a breakdown and retest of that level as resistance.