📊 #BTC Investor Price is an intriguing metric for analyzing #Bitcoin market bottoms, representing the average cost of capital that remains invested after subtracting historical revenue accumulated by miners. This calculation removes from the Realized Cap the value already extracted from the system and adjusts this capital by the circulating supply, resulting in a structural price level unaffected by narratives or macro events. In essence, Investor Price reflects the cost basis of active capital in Bitcoin, making it a more realistic metric for identifying base pricing zones. #macro#CryptoRecovery $BTC